|Customer: A Chicago-based packaged food company||Profile: The client makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments.|
Services: M&A Post-integration
|Size: 10,000+ employees|
|Region: Chicago, Illinois|
|Industry: Food and Beverage|
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.
Solution and Approach
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:
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.Download Pdf