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In its initial foray into international operations, MilWood Products Inc. embarked on subsidiary operations in Latin America. The decision was based on the progression of the company's thirty years of growth. Headquartered in the upper Midwest, MilWood had secured the lion's share of the fabricated wood products market in North America. A diversified network of production centers enabled the company to bring its product to market in a more timely fashion than the competition, and regional distribution outlets were able to fill contractor orders in days rather than weeks. Growing demand for their products throughout South America prompted the company's decision to explore subsidiary …