CREATIVE FOODS LLC – Due to the loss of a major customer representing 50% of revenue, this 60 year old food processor was forced into a Chapter 11. With the company operating in Chapter 11, SC&H Capital was retained to maximize the value of the assets and complete a sale within 90 days.
SC&H Capital quickly generated 5 going concern bids, the value of which exceeded any liquidation estimate. Via the selection of a stalking horse, and then an auction among four bidders, SC&H increased the purchase price by 68% at the final auction. The business was sold to a large Japanese buyer, Kagome Inc., and management and employees were retained and operations continued with minimal disruption.