Pros
As a former employee, it's a shame that MTI was able to obtain a loan to purchase a company the same size that they were. It's also important to note that Amcol, the company that they acquired, had a culture that appreciated its people, and understood that it's the people that make a company great, not statistics and processes. Give the current value of the MTI stock, the management at MTI might be realizing this, but I doubt it. They took a culture that was family oriented, goal oriented, had high sites on the future, and absolutely dismantled it.
Cons
Everything. Most of the talent at Amcol was either let go, or they left on their own. With the people go the relationships, the knowledge of the businesses, and the reputation of a company. The arrogance of the upper management, particularly the CEO, is nauseating. It's a company that wasn't fully aware of what it was purchasing, it just rushed to pull the trigger, they over paid for it, and not they have more debt with a dying company.
