Winter Harbor LLC
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Coll Materials Group, LLC

 

Coll Materials Group, LLC was a national post-industrial and post-consumer plastic recycling company. With manufacturing facilities in Zanesville, OH; Allentown, PA; and Waco, TX, their national footprint served customers and vendors in several regions of the U.S. Their pellet and regrind flakes were sold to plastic manufacturers including thermoformers, injection molders, structural foam molders and pipe manufacturers. At its height, Coll Materials was making $60 million in revenue.

Situation

The lending organization to Coll Materials requested assistance with developing a business assessment with a quick turnaround time.

Scope of Work

We conducted a high-level, rapid assessment of Coll materials focused on:

  • Management capabilities based on the Company’s current operating and financial situation.

  • Determining key issues and challenges currently facing the business, along with recommending solutions.

  • Developing a general understanding of the current liquidity situation and level of vendor support and attempt to gain an understanding of, at a macro level, the future liquidity requirements of the Company.

  • Discussing and developing an understanding associated with the delay in bringing product lines and equipment online.

  • High-level review of the Company’s financial projections and associated assumptions and management’s ability to deliver the projected results.

Engagement Outcome

Our assessment was delivered the lender, who in turn, marked down the fair value of their investment and initiated legal action against Coll Materials. All assets belonging to Coll Materials were sold the following year to a strategic buyer.