DEAL SIZE
N/A
SpringAir
COMPANY
Since 1926, Spring Air has been widely recognized for its innovative mattresses and sleep sets.
OVERVIEW
- ACM Professionals assisted in the turnaround of Spring Air Company by implementing a comprehensive restructuring and synergy attainment plan realigning the cost structure with the revenue base and conducting a profitability analysis of all manufacturing facilities and SKU’s
- Unprecedented reduction in unit volume industry wide
- Post-merger collapse of the real estate market hit the industry hard
- The merger called for a complex roll up strategy of licensees and licensors
- Roll out of a fully redesigned product line
ACM VALUE ADD
- Assembled a completely new management team
- Implemented a comprehensive restructuring and synergy attainment plan that realigned the cost structure with the revenue base
- Performed in-depth analysis of direct vs. indirect costs
- Performed profitability analysis of all manufacturing facilities and SKUs
- Executed a restructuring and synergy attainment plan
- Significantly reduced overhead
- Eliminated unprofitable factories and SKUs
- Negotiated working capital enhancements with trade creditors
