Austrim Nylex growth woes
Martin Pretty
Diversified industrial manufacturer Austrim Nylex has shown over the past three years how horribly wrong the classic growth-by-acquisition strategy can turn out.
Only the support of key shareholder Australian Capital Equity, media mogul Kerry Stokes's investment vehicle, stopped a banking syndicate placing the company into administration when its now-extended banking facilities totalling $400 million first expired.
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