Client: Major chemical company
Location: Across United States
In acquiring a larger business entity, a major chemical company required a post-merger integration analysis and implementation, due to the combined organization being characterized by significant real estate redundancies and inefficiencies.
Working with the company, CPL created a strategy to integrate the combined real estate assets and management structure of the combined entity. The strategy focused on eliminating property redundancies in corporate offices, R&D and production facilities, as well as sales and marketing offices throughout the world and identifying cost savings for future real estate usage.
The packaged approximately $75 million in real estate assets for disposition including properties that were environmentally impacted. CPL also identified major savings on the corporate headquarters lease, which, in addition to other process improvements and related cost-reduction recommendations, helped to generate $0.20-$0.30 per year of earnings going forward.