Word: kote
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...units of U.S. companies have been acquired by their managers since 1982, and it is a blue-chip list: the Montgomery Ward department-store chain, bought by its executives from Mobil; the former ITT subsidiary that makes Scott lawn products; the onetime Unisys unit that produces Nu-kote ribbons for typewriters and computer printers. "Management buyouts create powerful incentives for entrepreneurship, risk taking and long-term planning," says Martin Dubilier, chairman of a New York City investment firm that bankrolls many executives seeking control of their companies...
...executives who bought Nu-kote also felt ignored by their corporate parent. After the 1986 merger of the Burroughs and Sperry computer companies that produced Unisys, corporate headquarters decreed in a confidential memo that "ancillary" units would be put on the auction block. Reinhold Tischler, then president of the Nu-kote division, called his boss and said, "Ancillary division reporting in. We'd like to buy it." On Jan. 16, 1987 -- Tischler calls it Independence Day -- he and 20 other managers bought Nu-kote for $60 million. After they eliminated several aging product lines, overall sales grew 17% last year...
...eggshell tree. Dyed Easter egg shells are Scotch-taped to a branch that is painted with Scuff-Kote shoe polish. The Kerrs make one every Easter...
...speed conventional construction projects, there are new guns galore: Flint-kote's "Sealzit" spray guns spray roofing on flat or free-form surfaces, may well make the shingle obsolete. Atlanta's Lenox Square shopping center was constructed with the True Gun. developed by Tulsa's Max True, which sprays concrete. A wire-tying gun enables workmen simply to aim at the joint where steel reinforcing rods need to be lashed, pull the trigger, and the job is done. For do-it-yourself fans, Chicago's Wonder Building Corp. has brought out fallout-bomb-shelter kits: backyard...
Liquid Sewing Kit. Kling Kote Liquid Cloth, a clothes-mending material said to be stronger than most fabrics, has been put on the market by Chicago's Federal Products Co. The housewife simply holds the two edges of ripped cloth together, coats them with the liquid which when dry can withstand washing in water...