Case Study: PFW achieves a successful operational turnaround with AlixPartners

PFW - Customer Case Study

PFW, a leading aerospace and defense supplier to major commercial aircraft makers, was growing too quickly in 2011 and facing serious internal operational problems, rising costs, and financing challenges that threatened insolvency. To stabilize the business and support a major production ramp-up, PFW turned to AlixPartners for help with an operational turnaround plan.

AlixPartners worked on-site with PFW for 12 months to build and implement a broad turnaround strategy focused on reducing overhead, improving procurement, increasing productivity, strengthening production networks, and hiring engineering talent. The engagement identified more than €60 million in annual savings over five years, helped PFW launch a successful turnaround in just over a year without external cash infusion, and led to strong financial performance and steady growth from 2012 onward.

PFW