ABSTRACT
CPI companies do not have a guaranteed place in the economy, as evidenced by the disappearance of once-dominant companies through acquisitions or mergers, as noted earlier in this book. For example, Virginia Carolina Chemical Company and American Viscose Company failed to maintain their commanding positions in a rapidly changing world and were absorbed by more adaptable and successful companies. Parts of major companies have been spun off, such as Albermarle from Ethyl Corporation and Solutia from Monsanto, supposedly to let each entity focus on the operation of the line of business.
