Case Study: Chapter 11 Restructure of a Food Processing Company

Overview Cedar Croft Consulting guided a $225 million revenue company through a financial restructuring to realign its burdensome debt structure to enable it to compete more effectively in the future. The Company The Company was a private equity-owned leading developer, manufacturer and marketer of pre-cooked meat, poultry and pork products sold to the food service industry and manufacturers of packaged food. Much of its business was concentrated with three major customers.…

Case Study: Apparel Company Divestiture

Overview: This non-viable company was successfully and expeditiously divested to a strategic buyer that resulted in net proceeds that were above expectation and that fully paid out all outstanding bank loans. Cedar Croft’s consulting team, who developed and executed a transition strategy that was very different from the approach intended by management, accomplished this result. The Company: The Apparel Company (Company) was a wholly owned US subsidiary of a Canadian-based parent.…

Case Study: Apparel (Shirt) Manufacturer and Distributor

Cedar Croft Consulting was referred to this private company by its senior lender after an inventory appraisal identified a significant over-advance. Cedar Croft created a restructuring plan that involved reduction in inventory levels, the divestiture of a subsidiary, the closure of a manufacturing plant, the elimination of a distribution center, and the reduction of head office expenses. At the insistence of the senior lender, Cedar Croft assumed the CRO position…

Case Study: Office Supply Distributor

The private equity owner of this company appointed Cedar Croft as Chief Restructuring Officer. Cedar Croft’s mandate was to recover the private equity owner’s investment through a going-concern sale of the business, or an orderly liquidation of its assets. The company was ultimately sold as a going concern to an investment group led by existing management, and the private equity owner recovered its investment in full.

Case Study: Publications Printer

This publications printer provided electronic prepress, web offset printing and binding and postal distribution services out of a 240,000 sq. ft. facility located in a small community in the Northeastern area of the United States. The second-generation owners of the company had established a Board of Directors consisting of themselves and three independent directors, and engaged an experienced CEO to run the business. The new CEO was unable to correct recurring operating…

Case Study: Food Processing Manufacturer

This family owned business consists of the value-added processing of pork and ground beef products, cold storage services, and a trading operation. After the company’s manufacturing facility was destroyed by fire, the owners used the insurance proceeds to buy, refurbish and equip a production plant to support a new line of products for sale to major grocery chains and food service distributors. The company exhausted funds available from the insurance proceeds…

Case Study: Pita and Bread Manufacturer

This private company initially experienced financial difficulty after moving its manufacturing operations from a leased facility to a company-owned building. The building was also renovated to accommodate new and refurbished production equipment. During the transition, the company experienced significant cost overruns, delays in receiving necessary government and health certifications, and service disruptions to key customers. This resulted in significant financial losses and violations to loan arrangements with its lenders. Cedar Croft Consulting…