F&F FOODS, INC.
Industry
DSI'S Role
Assignee for the Benefit of Creditors
Services Provided
- Crisis & Interim Management
- Sale of Assets
F&F FOODS, INC.
Case Highlights
- Moved company from loss to operating profit in less than one year
- Actively marketed and sold the 85 year old company, preserving hundreds of Chicago area jobs
Case Narrative
F&F Foods, Inc., a leading manufacturer of branded and private-label cough drops, mints and candies, executed an Assignment for the Benefit of Creditors, allowing DSI to take over operations and effectuate a sale of the company.
DSI managed the day-to-day operations of the business for approximately 1½ years while marketing the company for sale. DSI continued and expanded the contract production of Hershey products which assisted in the overall synergy and operation of the plant. Additionally, DSI worked extensively with the FDA on compliance issues. DSI eventually was able to obtain a purchaser of the business that upon closing, paid the secured lender in full and preserved approximately 300 jobs.