My client:
Mid-sized plastics processor (injection moulding)
My Part:
Interim Managing Director during the ownership transfer phase, management of the M&A process
Industry:
Plastics processing – automotive, white goods
Turnover:
€ 10 million
Employees:
65
Situation:
Transfer of ownership
Own area of responsibility (Turnover / Human Resources):
- Sole Mangaging Director
Task:
- Preparation for handover to the new Managing Director
- Finalisation of the purchase process and associated formalities
- Resumption of regular business operations
Measures:
- Customer information and discussions
- Introduction of trade agreements with customers
- Restructuring
- Personnel management
Successes:
- All customers were retained under the new owner of the company
- Successful negotiations to remain with customers who wanted to insource the entire volume due to their own structural problems
- Workforce stabilised
Special challenge:
- Implementation of the negotiated reorganisational collective agreement
- Financial control and liquidity planning without an in-house Accounting department
