Terryc:
Walmart does have a hell of a lot of clout in the US. When it even thinks of opening a store, anywhere, all the local merchants shudder in fear! When Walmart changes prices, it affects not only the local area, but the whole US. Consumers over here don't seem to have the same drive to go to the cheapest place to buy something, and pay attention to many other things like moral standards, what a company does for the local economy, and what a company stands for.
I'm not knocking walmart but their clout is massive!
It seems that all small companies in an industry that is dominated by a few large companies always struggle. Whether there is quality involved or not. Alembic quality is not even questionable. Look at companies like Bricklin, DeLorean, Laker, Peoples' Express. There are hundreds of examples of small companies trying to eek out some kind of subsistance in a marketplace. Some pay more attention to quality than others, and their products reflect this.
The almighty dollar really rules, and that is always the main reason for a merger or acquisition. It is always a possibility that a company will be taken over. In the case of a publically held company, it might even be against the wishes of the greater number of shareholders, but the few with the controlling shareholdings will make the decision, or the company taking over will buy up all shares and complete the takeover.
In privately held companies it is more dependant on things like retirement, health, happiness, goals, desires, and the interests of other family members. It is strength in all of these areas that makes a privately held company strong. Alembic seem to have an amazing amount of strength in these areas.