composite insert molding and parts assembly

$60M Revenue

Company Overview

The Company is a Tier I automotive company specializing in the production of insert and composite plastic injection molded parts primarily for the automotive, computer, and electronics industries.  The Company also produces end-item assemblies for the automotive industry.

Engagement Overview
  • The Company retained Fort Dearborn to develop an operating plan, identify and implement profit improvement initiatives, and secure new financing.
  • With Fort Dearborn’s assistance, the Company successfully
    • outsourced production of component parts overseas;
    • completed a reduction in force; and
    • reduced operating expenses in its Mexican plant.
  • The improvements generated $1.5 million in annual savings and returned the Company to profitability.
  • Fort Dearborn’s industry expertise in the automotive sector and deep operating experience enabled the transaction to be completed expeditiously and on favorable terms. 
  • The entire assignment, from identifying and implementing operating improvements to completing the financing, was accomplished within 120 days of Fort Dearborn being retained.
  • Identified and implemented over $1.5 million in savings and returned the Company to profitability.
  • Secured a $16 million credit facility, which provided $2 million of additional availability.

FDP News

Oct - 23

Max Bechtel and Austin Curtis join Fort Dearborn Partners

Please join us in welcoming the newest members of the Fort Dearborn Team, Max Bechtel and Austin Curtis.

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Apr - 23

Fort Dearborn advises Reliable Knitting Works

Fort Dearborn Partners served as the exclusive financial advisor for the refinancing of Reliable Knitting Works, a $125 Million Wisconsin-based Company.

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