chap2_case_treyserv_solution - Treyserv-Pitkin Enterprises...

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Treyserv-Pitkin Enterprises 2007 Annual Report Teresa Mertes 2/19/2010 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Treyserv-Pitkin Enterprises Page 1
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Corporate Overview Page 3 Acquisition of Pitkin Industries Page 3 2 007 Operating Results Page 3 2008 Capital Expenditures Page 3 2007 Management Changes Page 4 Goals for 2008 Page 4 Treyserv-Pitkin Enterprises Page 2
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2007 Annual Report Corporate Overview The consumer products industry has seen dramatic change in the last decade, due to increasing costs in manufacturing, need for innovative products, and decrease in brand loyalty. These changes have created the need to modify previous tactics to continue operating in this competitive industry. Acquisition of Pitkin Industries In November, Treyserv completed the process for acquiring Pitkin Industries to form Treyserv-Pitkin Enterprises. The combined resources provide a stronger, more versatile organization to create innovative products and compete during the next decade. Here is a breakdown of the combined
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