Bringing the US on board

Article Abstract:

BPB has made a bid for National Gypsum, a US producer of plasterboard. BPB shares subequently fell in value though the acquisition would be beneficial for the company in the long term. Some analysts argue that the bid had been wrongly timed since National Gypsum would have been cheaper in 1993 and there is some two years' growth in the US construction market. There is also concern over legal liabilities from asbestos-based products sold by National Gypsum in the 1950s and 1960s.

Reconstituted wood products, Reconstituted Wood Product Manufacturing, Interior Building Board, Mergers, acquisitions and divestments, Building materials industry, BPB Industries PLC, Wallboard, National Gypsum Co.

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King Coal takes on Comrade Arthur

Article Abstract:

RJB Mining is faced with the threat of a strike by the National Union of Mineworkers (NUM), led by Arthur Scargill. The management will not agree to recognise the labor unionand will not negotiate on a national basis. Miners have been told that basic pay will remain static for three years, with any rises geared to productivity. About 4,000 of RJB Mining's 7,662 employees belong to the NUM. RJB will find reducing its costs difficult if it admits defeat in this confrontation.

Coal, Coal Mining, Human resource management, RJB Mining PLC, Coal industry

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Tired estate awaits the country gent

Article Abstract:

George Bull will become chairman of Grand Metropolitan in Mar 1995. He is already chief executive of the company and is seen as likely to provide a steadying hand. GrandMet ranks first in the world liquor industry with International Distillers and Vintners operating in 55 countries. Major changes are not expected after the appointment of Bull. The company faces price competition in the UK and other key markets and difficult economic conditions world wide.

Liquor, Distilleries, Officials and employees, Alcoholic beverage industry, Grand Metropolitan PLC

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