After a successful outcome we are moving forward on the basis of his proposals.
Andrew Fraser, Chairman of manufacturing company
Areas of operation:
A substantial US private equity owned manufacturer of wheels for on highway and off highway vehicles was expending into Europe, firstly with an acquisition of an Italian company and secondly a larger acquisition of a €350 million revenue German manufacturer with 3 plants in Germany, 2 in Russia, 1 each in China, France and Turkey.
BM&T with its ERS associates assisted in the Italian purchase advising on employment issues on pay levels, Union negotiations and redundancies. Subsequently BM&T advised on pre-acquisition evaluation of accounting systems and reporting integration subsequent to completion across all the plants and post-acquisition worked on product cost and margin studies and potential plant rationalisation programmes.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.