1. Olympic Group and IDEAL - Acquistion Case Study
The Situation Olympic Group (OG) is an Egyptian company that makes products such as water heaters and fans. IDEAL was a large state owned firm. It had established a well-known name among Egyptians and this was achieved through monopolizing the market for about 40 years with its refrigerators and washing machines. IDEAL had lots of potential for future growth. Olympic Group decided to purchase it in 1997. Olympic Group (OG) was founded by Abdallah Sallam in the 1930's. The company originally started manufacturing and selling radios, small appliances, electric transformers and by 1950, it starte...
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