Where Did They Go Wrong?

Back in 1988, Critical Industries Inc. was the right company at the right time. That was the year the $32.4 million distributor of asbestos-removal equipment hit the top of BUSINESS WEEK's annual list of the best small companies. Critical's sales and earnings had soared an annual average of 149.4% and 380.9%, respectively, over the previous three years. And with asbestos removal being mandated in thousands of the nation's schools, Critical looked like a sure winner.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.