Category: ABF Journal Cover Stories

Anatomy of a Turnaround — The Successful Revival of ‘Storied’ Manufacturer Milacron

In April 2012, storied but struggling manufacturer Milacron was sold to CCMP Capital. In February 2013, Milacron announced the acquisition of Mold-Masters for $975 million. Contributing to Milacron’s successful turnaround were a strong portfolio of products and recognized industrial brand names and a comprehensive strategy to exploit its offerings and to engage talented management to execute the plan.

ABLs Face Excess Liquidity, Fierce Competition… And It’s Not Abating Anytime Soon

With so much liquidity in the marketplace and the need to deploy it, banks and other lenders are entering the asset-based lending marketplace. ABF Journal speaks with five ABL leaders to get their insights on today’s competitive lending environment and their respective strategies to stimulate deal flow and to differentiate their institutions on such a crowded playing field.

While Hostess Crumbles, Twinkies Will Survive

Although the demise of Hostess has been well publicized, veteran turnaround advisor Ted Gavin examines the chain of events that led up to what he says could be labeled “the most mutually destructive collective bargaining agreement negotiation in crème-filled history.”

Asset-Based Lending: The Good, The Bad & The Ugly

In analyzing the asset-based lending market at the dawn of a new year, David Gaito, SVP and regional sales manager of PNC Business Credit, notes three significant factors: 2012 was not as bad as advertised, a supply/demand imbalance remains and ABL potential in 2013 is mixed. Prudence, he notes, will be key to short- and long-term success.