Francolor Pigments: A Toyo Ink Acquisition

In 1992 Francolor Pigments discovers it is no longer part of ICI’s core strategy. Under its dynamic general manager, the production unit prepares to become a stand-alone company within Toyo Ink, a Japanese group that encourages entrepreneurial growth. Francolor demonstrates its competence to its new owners by successfully implementing a high technology project.

The case demonstrates how a change in management style can affect a company's future. The acquisition of this European unit by a Japanese group does not follow the stereotype. A hands off approach can stimulate managers and workers to significant achievements through incremental improvements and step-up projects.