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ITEM 1A. Risk Factors.
For a In addition to the risk factor discussed below, refer to Part I, Item 1A, Risk Factors, in our 2023 Annual Report for a discussion of the risk factors related to our businesses, please refer to Part I, Item 1A, Risk Factors, in our 2023 Annu.
Kronos recent acquisition of the remaining 50% interest in LPC may not generate benefits we anticipate and may otherwise affect our business and prospects.
Kronos recently completed the LPC acquisition in which it purchased the 50% ownership interest in LPC it did not previously own. If Kronos experiences unforeseen technological, operational or other difficulties in managing the integration of LPC as its wholly-owned subsidiary, Kronos may not be able to implement the process innovations at the facility as it expects. In addition, Kronos may not be able to achieve the synergies or improve efficiency and product quality as it expects. With or without such difficulties, the integration of the LPC facility into Kronos operations may divert significant management time and attention from its other operations. If Kronos fails to successfully integrate LPC into its operations, or if the LPC acquisition does not return expected synergies or a level of sales as Kronos expects, or if LPC has unexpected legal Report.or financial liabilities, our business, financial condition, results of operations and prospects could be adversely affected.
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