An aluminum die casting and machining company which produced machined castings to a wide range of OEM customers throughout the United States and overseas. This 74 year old company was unprofitable with substantial unpaid trade creditors which was poised to be liquidated by its senior lender.
Our Swift Action and Results
The Crisis - Die Casting Co.
| • | Reduced overall debt from $8.8 million to $4.3 million without the use of bankruptcy |
| • | Improved EDITDA from a negative $1.2 million to a positive $2.1 million while at the same time reducing sales from $14 million to $10 million in the first year |
| • | Increased sales from $10 million to $16 million during the first three years which increased EBITDA to approximately $3 million |
| • | Negotiated a new five year union contract which included major wage, benefit and work rule concessions by the union |
| • | Managed the acquisition and integration of two smaller competitors into the company's operations |
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