EuroPlast, Ltd. – This Wisconsin-based plastic injection molding company had emerged from bankruptcy eight months prior but was unable to fulfill its plan of reorganization due to the loss of a major customer. With a liquidation looming, SC&H Capital was retained to quickly determine if a going concern sale could be completed.
SC&H quickly performed an extensive marketing process that yielded a stalking horse offer in excess of any liquidation estimates and gave the lender enough assurance to fund operations long enough to solicit additional bidders. SC&H delivered four additional bids and conducted an auction among all five groups. After active bidding and an increase of 42% from their initial offer, the stalking horse was deemed the highest and best bidder. Closing was completed and operations continued in place with minimal interruption to customers, vendors, and employees.