Word: bearingsâ
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...oldest and one of the soundest conglomerates, and he is an articulate critic of racier companies. Textron, which started the conglomerate trend nearly two decades ago, has acquired the kind of image that newer conglomerates covet. Miller picked up two more companies last year ?Talon zippers and Fafnir bearings???but Textron seems less interested in acquiring new branches than in managing and expanding the many that it already has. Its 33 diverse divisions turn out Bell helicopters, Sheaffer pens, Speidel watchbands, Gorham silverware, Bostitch staplers and some 70 other products. Last year the company earned $74 million on sales...
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