Screen Shot 2022 08 22 at 12.19.36 PMIndustry roll-ups'
'Integration' plans:
Real or rhetoric?

Imperial, Envoy & BradyIFS
acq'ns face tortuous tasks

The accelerating wave of acquisitions in the hygiene, foodservice & packaging market replicates the OP market back in the 90's. Back then Staples, CXP, Depot & USOP were rolling up dealers globally with grand plans to integrate systems and cultures. Little was achieved as multi-disintegrations proved. Today with a similar scenario playing out, what's gonna happen? Updated

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