Growth has been both organic and from acquisitions large and small.
This of itself would be no small acquisition to the natives.
But he notes that even these companies have been only making smaller acquisitions of a few hundred million dollars each.
So we are cutting costs and making some small acquisitions to round out our product line.
In the past, the firm has tended to grow internally, making only small acquisitions.
During 1992 we were able to make two small acquisitions.
Formed in 1987 from two small acquisitions, it is expected to reach 800 stores by the end of 1996.
There have been many other smaller acquisitions throughout this period.
More important for the Japanese, lots of smaller acquisitions may attract less attention than a few big ones.
Since that time there has been a number of acquisitions both big and small.