Engineer Avingtrans (LON: AVG) is showing the success of its strategy with the £35m sale of the Peter Brotherhood business that came with the acquisition of Hayward Tyler in September 2017.
This is part of the strategy of management. It pinpoints businesses that are attractively valued and/or provide a good fit with existing operations. In many cases these are loss-making businesses. Investment is injected into the acquired business in order to improve performance.
A recent example is specialist doors manufacturer Booth Industries, which has shed lower margin work and is back in profit....
