FASTMARKETS: FMI TO HELP INDUSTRY ACCEPT HEDGING
In an exchange with Fastmarkets, Jeremy Flack elaborated on the strategy behind acquiring OEM Fabral as the first investment of the newly formed Flack Manufacturing Investments (FMI).
“Previously we thought that the Metal Bank suite of financial products would be enough to change the industry,” Flack said. “However, ingrained buying behaviors have made too many OEMs unable to adopt risk management strategies. Along the way we realized that it is the combination of solid financial products along with investing in OEMs that will prod the industry to broadly adopt hedging.”