Lynx Chemical Group

Client

Lynx Chemical Group is a $50,000,000 specialty chemical manufacturer currently operating three plants in Georgia. Lynx focuses on manufacturing small-volume specialty chemicals in niche markets. Key customers include Dow Corning, Infinium, Rhodia and GE Betz.

Challenge

The Company faced a wide range of problems. Most serious were the decreasing cash reserves and loan covenant violations, which had strained lender relationships. The senior management team was passionate about its business, but needed strategic direction.

Solution

Bridge Associates immediately identified the root causes of the Company's many problems. Lack of execution was central to most issues. Bridge established expense controls, implemented an execution strategy for key initiatives and made changes in key management.

Results

Lender confidence was restored and the Company successfully executed a loan amendment.