ABSTRACT
Radek Make, managing director of Ferox, a gas and chemical company, has just read the Czech Republic's public announcement of Ferox's proposed privatization plan. Ferox is located in Decin, a north-eastern industrial city near the German border. Until 1989 Ferox was a component of one of the biggest Czechoslovak industrial trusts. Ferox's customers have been many and varied. In October 1991, Ferox formally submitted a privatization project to the Czech Republic Privatization Ministry and awaited approval. Several Ferox employees were interviewed regarding the changes as a result of Ferox's joint venture with Air Products and Chemicals (APCI). The APCI acquisition of Ferox was negotiated by a team of US, German, and British APCI executives. Ferox brings local knowledge and a low-cost manufacturing base. The Ferox and APCI managers will be free to begin to make the changes necessary to meet their strategic objectives, and the process of carrying out the acquisition by APCI will begin.
