The Binder+Co Group, headquartered in Gleisdorf, is a globally active specialist for processing technology in the raw materials and recyclables industries, as well as in packaging technology, and is regarded as a leading manufacturer of special screening machines for difficult screening materials, as well as for machines and systems for waste glass processing. Losses at subsidiaries and on selected major projects led to a decline in earnings.
The Group employs approximately 420 people with annual sales of around EUR 120 million.
The Project (Rent-a-CFO/CEO):
Management Factory has been acting as CFO/CEO with a board function for Binder+Co AG (Group headquarters and production headquarters) since January 2018. The task of Management Factory is – in addition to the management of the human resources, IT and finance departments – also the management of production and technology. Furthermore, Management Factory also took over the control of a subsidiary.
After 3 difficult financial years, the Binder+Co Group will be able to close the current financial year 2021 highly profitable.
- Renegotiation and conclusion of Group financing by a financial consortium.
- Restructuring due to the COVID-19 pandemic
- Realignment of technology areas (engineering incl. research & development) and production / incl. investment program
- Solid equity base of the Group