Integration and turnaround of an acquisition
Restore financial stability as quickly as possible and equip the company with an effective organization to ensure its development
Context & Objectives
Acquisition, under the supervision of the Commercial Court, of a French distribution company by a listed European group
Traditional culture, organization operating on habits with a low capacity for questioning
Need for the new buyer to quickly restore financial balance, see its procedures applied by this new structure, while maintaining staff motivation and goodwill
Mission
Restore financial stability as quickly as possible and equip the company with an effective organization to ensure its development
Results
In eighteen months, a manager specializing in turnarounds enabled the company to return to profitability and overhaul the organization to ensure the development expected by the shareholder. The "tightening up" of the organization, necessary to bring about change, was achieved without crisis and was supported by key managers who shared the new vision.