Situation
A cement manufacturer and a distributor acquired competitors in a growth strategy. They aspired to increase market share, and eventually became the second largest company of its kind in the southern United States. These acquisitions increased revenue, but also brought more risk and liability. The company’s due diligence failures, and failures to create compliance programs that would mitigate risk set the company up for exposure to legal risks and liabilities.
All of the information in this case study comes from the Department of Justice press release and other articles referenced below.
