Turnaround



Turned-around a large stagnating business acquired in Europe comprising of 3 plants and with a Turnover of €450 M and an EBIDTA on €5 M, in the difficult plastic films business. Created a Synergy Business Plan for a final exit-rate EBIDTA of €98 M, and first-year EBIDTA of €45. Involved a very detailed analysis and squeezing out of every € of opportunity. Developed a very detailed Action Plan, a month-by-month Budget, and a regular Monitoring Program.Involved a huge effort in mind-set change and motivation of the human resources used to working in a less rigorous style. Exceeded the targeted running rate from 1st quarter itself.