Injectech Industries

Division: Phoenix Management Services


Client

Injectech Industries, Inc. is a $50 million plastic injection molding tier 2 automotive supplier located in Canada

Problem

Injectech Industries, Inc. was experiencing drastic revenue declines combined with downward margin pressure from its customers. It was in default of its loan agreements and needed a plan to address its core operational as well as financial structure issues.

Solution

Phoenix was hired as Chief Restructuring Officer. Phoenix worked with the Company to identify cost savings opportunities as well as new revenue initiatives. Even while the industry continued to experience declines, the Company returned to positive cash flow and was able to restructure its bank facility to provide it adequate capitalization.