Metal industry: Successful relaunch of a company after filing for bankruptcy.
Wauben Productie, manufacturer of metal appliances, encountered enduring heavy losses due to poor macro-economic conditions. Given the high fixed cost base combined with deteriorating sales, the only realistic option was a relaunch of the business after filing for bankruptcy. Beaufort assisted the company during the whole process, main activities included a.o.: Execution of needed measures as a preparation for the bankruptcy, negotiating with various stakeholders (such as the bank and the liquidator). The relaunch of the viable part of the business was implemented successfully, combined with an integral refunding of the bank’s loan.
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