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.
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Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.