Originally posted by Winchester 69:
quote:
Originally posted by CMcDermott:
Isn't Sierra owned by Blount Industries...?
Blount owned RCBS/Speer (Omark). They sold out to Lehman Bros., who subsequently re-sold to ATK.
The following excerpt from Omark's website tells the story.
"In 1983, Red Blount of Blount International went to Japan to learn how successful manufacturing companies operated. On that trip Blount asked a Japanese expert which American company had most successfully adopted Japanese manufacturing techniques. The answer was Omark Industries of Portland, Oregon. In January 1985 Blount acquired Omark, the world's leading manufacturer of saw chain and timber harvesting equipment.
"On August 19, 1999, Blount International, Inc. Blount (NYSE, BLT) and Lehman Brothers Merchant Banking Partners II L.P. and its affiliated co-investors the Lehman Brothers Merchant Banking Fund jointly announce the closing of the merger of Blount with an entity wholly owned by the Lehman Brothers Merchant Banking Fund."
The referenced "Japanese manufacturing techniques" were originally developed by Walter Shewhart, adopted by Western Electric, and outlined in their
Statistical Quality Control Handbook, originally authored by Shewhart. What made it attractive to the Japanese was that they were of the impression that it was a generally accepted American practice. Edwards Deming tutored the Japanese executives in the methods, and the rest is history. Accounting practices won't allow implementation in this country; exportation of industry with the resulting economic decline are higher priorities.
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Every country has the government it deserves. - Joseph de Maistre