POLYMER COMPONENT MANUFACTURER
INDUSTRY – Manufacturing
COMPANY – A manufacturer of polymer components as a tier one supplier for the automotive and commercial industries throughout the United States and Mexico.
PROBLEM – The Company had a history of decreasing sales, losses with negative EBITDA. Customers started to resource due to their financial troubles. The ownership issued a WARN Act notice and started to liquidate the business.
RESOLUTION – We stepped in and purchased the operations and assets of the Company. Stabilized sales and profits and started to grow top line revenues. First year EBITDA went from a negative to a positive $869,000.