Focus Management Group

Agriculture Industry Experience

Beef & Chicken Processor

Company:

Beef and Chicken Processor ($200 million in revenues)

Situation:

A beef and chicken processor was undergoing severe financial distress.  The Company’s relationship with its secured lender was strained and the Company had been given a few months to find another lender, which heightened the crisis environment.  A bankruptcy filing appeared likely in the near future.

Focus Scope:

Focus Management Group was engaged to review the Company’s operations and make recommendations to improve financials and operations.

Tasks Performed:

  • The Focus Professional soothed the relationship between the Company and the secured lender.
  • Innovative operating reductions were instituted, which quickly turned losses into profits.
  • Actions were initiated that increased on-time deliveries and fill rates with a significant reduction in inventory and increase in working capital.
  • Our Focus Professional also identified other cost reductions that saved the Company $1MM annually.

Results:

  • Due to the efforts of Focus Management Group, a Chapter 11 filing was avoided, the secured lender removed its demand to the Company to find another lender and the Company became consistently profitable.
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