A Failed Merger Becomes A Blessing for Stuyvesant

Soon though, Roesch says he realized it was the worst thing he could have done. Without going into detail for legal reasons, Roesch says there was extreme "incompatibility of management and opinions."

Roesch claims the new partner (nearly four times larger than SPI) had size on its side, and numerous changes were immediately made—changes not previously agreed upon or even discussed before signing the contract. That's why Roesch gives this warning to companies interested in mergers: Get to know your potential partner—and get everything in writing.