SICPA SA

After becoming a major global enterprise under the entrepreneurial leadership of its founding family, SICPA Holdings SA, a Switzerland-based specialty ink company, began experiencing financial challenges. The company hired Alvarez & Marsal to address its troubling financial situation and improve performance by building on its outstanding heritage to position it for success over the long-term. A&M professionals were subsequently appointed to interim management roles, serving as CRO, CFO, Managing Director Benelux operations and Board member. The team conducted a thorough analysis of SICPA's cash flow and cost structure. A&M's analysis provided the foundation for developing a new, comprehensive performance enhancement strategy, which the team also took the lead in implementing. As a result of the turnaround plan, SICPA succeeded in tightening cash flow management procedures, reducing operating costs and consolidating manufacturing facilities. It also commissioned a new plant that more effectively allocated resources, sold several non-core assets and provided its workforce with a greater sense of direction. Within a few months, SICPA had reshaped its business, significantly improved operations and had a plan in place for future growth.