Phoenix conducts a business and operational assessment for a paper company and identifies ways to return the client to profitability.
Our client was a $60 million company with interests in Paper Converting, Paper and Plastic Packaging, and Paper Products Manufacturing with operations in several states.
Acquisitions into new business lines, transitional issues from the majority shareholder to his son, higher raw material costs, supply shortages, dwindling stock, a drop-off in travel following 9/11 that resulted in reduced demand for tissue in the “away-from-home” market, the bankruptcy and subsequent reorganization of a major industry competitor, and industry consolidation resulted in three consecutive years of operating losses at this manufacturer.
Phoenix Management Services was engaged to identify ways to return this client to profitability. Phoenix quickly identified the profitability and cash flow of each entity and operation.
In addition, Phoenix developed and helped implement a turnaround plan that encompassed the following elements and ultimately returned the Company to profitability:
Primary Industry
Secondary Industry
Primary Services