International concrete business needed an Interim CRO to strip out cost and run major restructuring programme. 

Situation

PRETERSA, is a company dedicated to the design, manufacture and assembly of turnkey precast concrete structures for commercial, industrial and logistic infrastructures.

Owned by Magnum Capital.

Since 2007 the concrete market had been progressively collapsing.

Solution

Interim placed via Russam’s international network – WIL Group.

Engaged to diagnose Company Viability.

Appointed as Chief Restructuring Officer (CRO).

Results

EBITDA stabilization due to cost reduction policies implemented.

Introduced a revised business model with a strong sales focus. 

Secured working capital financing in order to enable the company to manage its seasonal cash requirements.