global supplier of plastic insert auto parts

$90M Revenue

Company Overview

A $90 million, leading manufacturer of precision insert and injection molded thermoplastic parts for high growth applications.  The Company is principally a Tier II supplier to the automotive industry

The Company is operated out of 2 separate facilities in the Midwest and has additional operations in Mexico and Asia

Engagement Overview

The Company was operating in a very serious liquidity situation and engaged FDP to review their strategic reorganization plan and cost reduction initiatives.

FDP’s review and analyses included:

–Reviewing management’s plan to consolidate their plants;

–Assisting management in quantifying the capital required to consolidate the plants;

–Reviewing the Company’s 13-week cash flow forecast to determine the capital needed to cover operating losses; and

–Preparing a monthly financial forecast to determine if the profit improvement initiatives are enough to cover forecasted operating losses.

Worked closely with management to prioritize strategic initiatives and develop tactics to improve cash flow and  profitability:

–Assisted management in identifying duplicate operating and personnel costs as a result of operating two facilities;

–Assisted management in identifying and negotiating a sales price increase with a key customer;

–Assisted management in preparing for and executing a significant reduction in force; and

–Assisted management in identifying sources of capital necessary to cover forecasted operating losses.


Fort Dearborn determined that management should consolidate one plant into their existing plants.

FDP estimated that the consolidation of the facilities would result in annual savings of approximately $2 million.

Fort Dearborn negotiated a sales price increase with a Tier I auto supplier of more than $1 million annually.

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.

Read More