Manufacturing
Situation
Fortune 100 manufacturing company bought a controlling interest in a refractory recycling company to manage contaminated materials that resulted from furnace rebuilds. The company was not properly handling the waste materials and was in violation of OSHA and EPA regulations.
Task
Solve the OSHA and EPA problems and help the company achieve financial success – achieve at least break-even.
Action
Bought out the balance of interest to gain complete control of the company, installed new management, enforced work rules to eliminate OSHA and EPA fines, and developed a new product to sell to the steel industry that increased their production efficiency.
Results
Within 6 months all regulatory issues were resolved with OSHA and EPA and sales of the new product virtually eliminated the millions of dollars of hazardous materials liability, and the company was financially at break-even.
