Summit is the Boston-based investment firm that bought 80$ of the 2
businesses (LVI and EGW) last fall.
Not seen much change in how the company practices though. Rumors of
an upcoming IPO, but all of this regulatory action and negative
publicity could de-rail these plans. Think new owners/boss want to
do right thing and over-haul this company and it's people, but I
walso would have thought more would have been done in last 6
months. I guess IPO first, company 2nd. I would rather see fix
company first, and IPO second. But not my call.