A plastic injection molder providing highly engineered plastic moldings that were coated and painted to the automotive tier two original equipment manufacturers. This company had lost over $7 million in subsequent years resulting in considerable bank and creditor pressures.
Our Swift Action and Results
Reduced overall debt from $21 million to $4.5 million without the use of bankruptcy
Improved pre-tax losses from a negative $2.4 million to a profit of $1.1 million in the first year
Improved EBITDA from a negative $672K to a positive $2.3 million in the first two years
Reduced a 95% automotive customer base to 60% by adding new non-automotive customers
