Binder+Co AG

The Client:
The Binder + Co Group, based in Gleisdorf, is a global specialist in processing technology in the raw and recyclable materials industry as well as in packaging technology and is a leading manufacturer of special screening machines for difficult materials to be screened as well as machines and systems for waste glass processing. Losses of subsidiaries and selected major projects led to a drop in earnings.

The group employees approximately 420 and has annual sales of around EUR 120 Million.

The Project (rent-a-CFO/CEO):
The Management Factory has been working for Binder + Co AG (corporate headquarters and production headquarters) as CFO / CEO with a management board function since January 2018.

The task of the Management Factory is - in addition to managing the personnel, IT and finance departments - to control production and technology. In addition, the Management Factory also took over the control of a subsidiary.

After 3 difficult financial years, the Binder + Co Group will be able to close the current financial year 2021 on a highly profitable basis.

Highlights:

  • Renegotiation and conclusion of the group financing by a finance consortium
  • Restructuring due to the COVID-19 pandemic
  • Realignment of the technical departments (engineering including research & development) and production / including investment program
  • The group has a solid equity base
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