Business Services Industry
Ready for prime time; Flexibility, technology give new breed of small suppliers potential to become industry's new stars.(Focus)
Crain's Detroit Business, June, 2005 by Kosdrosky, Terry
Byline: Terry Kosdrosky, Brent Snavely Despite the high-profile fall-out this year among Detroit's largest auto suppliers, analysts say there is a group of smaller, healthy auto suppliers that are poised to emerge as industry stars. These companies, which range in size from about $50 million to $200 million in sales, are quietly prospering while much larger companies - such as Collins & Aikman Corp.
and Meridian Automotive Systems Inc. - file for Chapter 11 bankruptcy protection. "My observation is we talk more about the losers than we do the winners,'' said Kim Korth, president of Grand Rapids-based IRN Inc. and a supplier consultant. "The winners like to stay under the radar screen.'' Korth was one of six consultants and merger and acquisition experts...
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