Saturday, February 10, 2007

A.P. Moller-Maersk Loses Negotiation Tool!

A.P. Moller-Maersk sells rubber hose company

The A.P. Moller-Maersk Group today sold Codan Gummi A/S and its subsidiaries to Italy’s Maflow Group for an undisclosed amount. Codan Gummi manufactures and sells high-technological rubber hoses, mainly to the car industry. The company employs about 900 staff, including 225 in Denmark.

What motivational tool will the Maersk executives resort to using now...since they can't wield the "old rubber hose" in back room negotiations anymore! Don't say it...its a cheap shot...I know.


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