Distressed Sale: Injection Molded Plastics Manufacturer


An Injection Molded Plastics Manufacturer to Tier I automotive and furniture OEM customers had experienced losses for multiple years.


  • Defaulted on senior debt; lender informed debtor of intention to foreclose
  • The lender’s collateral value was substantially less than liquidation value
  • The owner was tired and combative


  • Engaged BlueWater Partners under pressure as Financial Advisor
  • Completed 13-week cash flow and negotiated Forbearance Agreement to create time
  • BlueWater Partners’ operations team restructured the manufacturing operations and reporting, resulting in marginally profitable monthly performance
  • Once profitable, a sale was only option to satisfy senior debt in full


  • Closed on sale to strategic buyer
  • Saved all jobs
  • Paid off senior debt in full; senior lender became the lender to the buyer
  • The buyer assumed all trade debt

Published with client permission