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Situation
A Fortune 100 chemicals company was undertaking a complex restructuring of its business including carve-out and sale of non-core businesses, and reorganizing S&OP functions.
Approach
• Carved out a separate business entity from the business portfolio within the client’s portfolio, realigning the business and resources to better serve multi-national CPGs
• Centralized the client’s raw material purchasing for the then newly acquired a speciality chemical business within the client’s portfolio, including risk mitigation and cost reduction
Results
• Transformed $1.3B Portfolio Consumer & Industrial Business into market-focused Home, Industrial & Institutional, and Personal Care Solutions business
• Developed the transformation strategy and vision
• Reconfigured the global business, technology, innovation plan, products, SKU’s, markets, people, assets, SAP, and accounting systems
• Sold the client’s portfolio company for 10x multiple along with another portfolio company for 8x multiple, contributing $2B in cash
• Worked with each specialty business at each plant location to reconfigure their business processes, people and work flow to garner more than $580MM in savings
• Implemented specific risk mitigation strategies across the board for all specialty businesses contributing $180MM in savings in the first year alone
Project details
Client: $1.3B Portfolio Consumer & Industrial Business
Focus: Company reconfiguration in the chemical sector