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Services: M&A Post-integration Support
The food and beverage client is passionate about building strong brands, making great food, supporting communities and delivering profitable results. With a rich heritage, sharpened focus and entrepreneurial spirit, the client offers a portfolio of iconic and emerging food brands that continues to evolve to offer contemporary choices for every occasion.
In a bid to better leverage distribution with large retailers and theatre chains, the client was looking to acquire a speciality snack foods producer. Since the acquisition was going to be large, presenting a significant expansion of the client’s food business, the client realized that the success of the acquisition depended a lot on the success of the post-merger integration. The client partnered with Synoptek to receive post-merger integration support and ensure sustained success of the acquisition.
In order to meet the post-merger integration support requirement of the client, Synoptek provided end-to-end program management and support to the client. With a team consisting of representatives from each functional team, we facilitated a joint plan with the client and developed a 9-month integration plan.
Synoptek worked with various teams to tackle and resolve issues. We also built an integration team that participated in bi-weekly post-merger integration meetings to keep a track of the progress. These meetings also helped functional leaders to participate in the integration activity while maintaining their focus on functional responsibilities and ensuring on-going performance of the business.
Integration activities included:
Despite the challenges faced due to spike in workloads caused by numerous system integrations and migrations, Synoptek was successful in providing post-merger integration support.
Not only was the acquisition extremely successful for the client, it led to many more acquisitions over the years where Synoptek was an integral contributor.