Consolidation in Art Materials: The Myths and Facts

摘要

1999 was an unprecedented year for merger activity. So was 1998. And 1997. And 1996. In fact, since 1992 the United States has had a tenfold increase in corporate merger activity. Seven of the largest corporate mergers in U.S. history have taken place in the past year. The ColArt Americas' acquisition of the Liquitex line from Binney & Smith and the recent MacPherson's-Artcraft merger are the latest examples of the art materials industry mirroring this larger trend. What does it mean for your business? Before you can answer that question, you must separate the myths from the facts about industry consolidation.