DEC

Background

DEC International, Inc. had operating divisions in various industries, including dairy equipment manufacturing and food processing equipment manufacturing, in eight countries around the world. Financial difficulties with some of the international operations, as well as a downturn in the U.S. dairy industry, forced the company into Chapter 11 proceedings.

Dealmaker

KPMG Corporate Finance's Chicago office advised DEC International, Inc. on the sale of numerous business lines through four separate transactions pursuant to Section 363 of the United States Bankruptcy Code and a Chapter 11 Plan of Reorganization.

Complex Transactions

KPMG Corporate Finance successfully balanced the need for gaining proceeds from the sales in a timely manner with creating a competitive sale process. Our assistance allowed management to focus on the day-to-day operations of the business and other aspects of the bankruptcy process rather than being concerned with the sales process.

Added Value

The price gained on the sale of the final and most substantial portion of the business was 18% better than the original best offer received and 28% better than the original offer presented by the ultimate buyer.