SPRINGAIR

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

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