Global Strategy > Case History > Restructuring > Mechanics for third parties in the food packaging sector
Restructuring

Mechanics for third parties in the food packaging sector

Business Area
Restructuring
Management Consulting
  • Company operating for over 45 years in the mechanical engineering sector for the design, development and contract production of installations for the food packaging, food-processing, medical and railway sectors
  • The production takes place in Italy through 4 production sites and more than 200 employees. The Company has state-of-the-art technologies for metals’ processing, especially regarding steel for food use
  • The Company had a steady growth until 2014, reaching almost a turnover of Euro 100 mln. In the last 3 years the Company has been facing a restructuring process through an “Arrangement with creditors” pursuant to art. 161 LF

Objectives

  • Preparation of a multi-year Business Plan to support the “Arrangement with creditors” procedure pursuant to art. 161 LF
  • Support to the financial advisor in the formulation of the Financial Manoeuvre and in the entire process for obtaining the approval from the competent Court
  • Assistance and support to the Property and Management in all the pre and post approval stages of the Procedure
  • Interim management for Plan’s implementation, for the monitoring of the results achieved over the years and for the compliance with the commitments undertaken with the creditors

Our Work

  • Analysis of the Company’s historical trends, the main economic and financial figures and the target market
  • Interface with all major customers to check forecasts for the years of Plan and the related commitments to maintain the relationship with the Company
  • Support in the in-depth definition of the capital and financial aspects, to ensure the sustainability of the proposal to be submitted to the creditors
  • Assistance to the Management for the drafting of the three-year Industrial Plan in support of the proposal
  • Ongoing support in the start-up and management of the restructuring and relaunch actions defined in the Plan
  • Monthly monitoring of the results achieved, interface with the Delegated Commissioner and with the main creditors

Key financials

(euro mln; #)
Key FinancialsYear
x-2		Year
x-1		Year
x		Year
x+1		Year
x+2
Operating Revenues49453738,540
Ebitda-1,51,51,72,22,8
Ebitda %-3,0%3,3%4,6%5,7%7,0%
# Employees~280~220~180~180~180
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