Well, that’s an interesting announcement.
not buying the business of Ultraflow, just their project workload. One presumes that takes them away as a competitor in that space, but that isn’t stated, and I think it a reasonable assumption that Ultrafow will continue in business given they are offering more than large project siphon systems. Perhaps (and probably in my opinion) Ultraflow want to focus more on their other more “retail” type products.
the announcement is not correct that Mathew is the founder of Ultraflow...their website states that his father is. There must be some relationship risk to EVZ by having a Manager who’s father owns a competing business (or at least has the background , knowledge and history to compete)
a bit more flesh on the bones of this announcement Assessing 5hese risks would be useful.
i hope Scott and the Chair are fully eyes open on this one.
Potentially, it could be very good news, but sounds like it could be a high risk for potentially high reward scenario to me.
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