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.

• 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.