Rayon Ribbon Manufacturer

Phoenix conducts a business and operational assessment for a rayon ribbon manufacturer and leads the Company through a sale.

The Client

Phoenix’s client was a $20 million privately held Manufacturer of Rayon Ribbon based in New Jersey.

The Challenge

Due to the pressure of foreign competition and the overall price pressures within the textile industry, the Company was finding it a challenge to remain profitable.

The Solution

Phoenix Management Services was hired to complete an operational assessment of the business and develop a strategic plan for leading the Company forward. Phoenix concluded that a sale of the business and an orderly wind down was the best course of action. Phoenix led the sale of the firm through a bankruptcy and managed the liquidation of all assets.

Phoenix Turnaround

Primary Industry

  • Manufacturing

Secondary Industry

  • Apparel

    Primary Services

  • Business / Operational AssessmentsLiquidation / Business Wind Down