Financial Operations Stabilization

$725M Chemical Manufacturer

Background

  • The company is a global leader in the production of zinc chemicals with four product lines
  • The company serves its customers from 14 facilities located throughout North America, Europe and Asia
  • The PE fund acquired the U.S. industry segment leader in fine zinc powder in 2018, and acquired the European leader in the same segment in 2022 and combined the two companies to form the preeminent global zinc chemistry business

Contributions

  • Used root cause analysis to improve many facets of the business including AR, IT,  and future state of the integrated business
  • Trained the AR collections group in what to measure and created a review cadence
  • Studied and proposed a solution for future system integration as the current process is unsustainable, time consuming and financially inefficient
  • Facilitated working sessions to map out critical pain points by priority and developed a roadmap to remediate

Results

  • Produced $2M in liquidity
  • Identified $120K of IT savings annually
  • Brought a vision to consolidating close in one of the facilities
  • Prepared a roadmap and alternatives for consolidating systems and personnel into a single company headquarters