Mr. Sullivan continued, “In addition, we’re actively looking at acquisition possibilities once again, and anticipate completing a number of bolt-on and small acquisitions during this year.”
l According to Intentia International, the Schaumburg, IL-based maker of Movex collaboration application software, Nippon Paint Singapore Co. has driven inventory levels down 50%, improved productivity and operating margins and increased profit margins by 10%, by implementing Intentia’s technology. Nippon Paint began Phase I of the Movex project in December 2000.