The client was a plastic blow molder with a line of retail products and a provider of custom OEM parts. Due to numerous missteps, key OEM customers were lost and operating performance declined, leaving the business at risk of violating covenants in their loan agreements. CR3 was engaged to address missed forecasts, and was ultimately retained as CRO, developing a plan to deal with the internal issues, and negotiating with the senior secured lender. Company infrastructure was deemed insufficient and as a result a sale process was undertaken for multiple portions of the business. CR3's handling of the sale ensured preservation of jobs and the associated enterprise value. The remaining facility and associated equipment were sold separately for asset value.