CONFIDENTIAL
In 2022, our CEO was involved in the acquisition of a US paint manufacturing and retail company with a strong heritage. The company employed 1200 people and operated 157 retail stores across the US with annual revenues of $300m and EBITDA of $20m.
The company, with a longstanding history and solid reputation in the market, had been fundamentally profitable, however, its financial health had been significantly impacted by substantial Asbestos legacy liabilities.
Our strategy moving forward involved carefully managing these liabilities while leveraging the inherent strengths of the business. We believed that with our expertise and resources, we could address the Asbestos-related issues and unlock the true potential of this heritage brand.
