paper mill and corrugated sheet manufacturer

$550M Revenue

Company Overview

The Company manufactures corrugated paper to be used in corrugated box manufacturing principally for its majority member.

The Company was formed to acquire the assets of a bankrupt paper mill and this facility was then converted to produce corrugated paper.

Company created as a vertical integration strategy to ensure corrugated paper supply.

Engagement Overview

FDP was engaged directly by the senior lender’s legal counsel to evaluate construction overruns and assess additional capital needs.

FDP reviewed current construction costs, forecast remaining costs, and start-up operational cost assumptions.

FDP prepared start-up forecast with sensitivity assumptions designed to determine range of additional future costs required to complete the construction project and to begin operations.

FDP review reporting processes, identifying numerous weaknesses and recommended corrections to improve processes. 

Project completed within the revised budget.

Results

FDP determined financial reporting had been unreliable and recommended improvements.

FDP prepared a sensitivity analysis on the start-up budget as well as remaining construction costs to reset expected costs with the senior lender.

Senior lender funded the remainder of the project.

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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Oct - 22

Alice Chan joins Fort Dearborn Partners

Fort Dearborn Partners is pleased to announce that Alice Chan has joined our firm as a Director.

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