Figures they would do this now, I hear National is hiring in their office in Dallas. I hear they are looking for a bunch of customer service people. I guess more shake ups are likely. He is a consolidator, not an operator so he needs write downs. Let me guess, EBITA numbers will be tweaked, and they will pay off $35 Million of the $1.2 Billion+ in debt.
Has anyone heard if they are going to keep two envelope plants on the west coast, two in the Atlanta area, two in the mid-west and two in western Pennsylvania? My guess is Bob wants to consolidate, take equipment off the floor and then raise prices. Good luck.
There was talk of when is the lease up on the building that the Crystal's own in PA? It must really burn Bob to know that he has to cut a monthly rent check to the Crystal's after they probably paid twice what they should have for Commercial Envelope and got non of the buildings. Didn't one of Burton's wonder boys negotiate that deal? If he was at any other company in the US, he would have been fired years ago. LOL!