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Rubber and Plastic Product Manufacturer

plastics

Federal Tax Case Study

Company: Rubber and Plastic Product Manufacturer
 
Revenue: $94 million
 
Ownership: Private
 
Service: Tax Review

What True Partners did

True Partners was given the opportunity to review the tax attributes of a rubber and plastic manufacturer as it relates to a possible sale transaction. Given the changing landscape of capital markets and the value tax attributes can have to a potential acquirer, True Partners suggested that designing a proper corporate structure is crucial to preserving and realizing these benefits. True Partners worked with the company to put a net operating loss ("NOL") Poison Pill plan in place to protect a $40 million NOL. Specifically, the plan caused the company's NOL to be reduced to $2 - 3 million under a hostile acquisition.

Benefit

  • Mitigated potential for hostile transaction through innovative tax planning
  • Protected the company's $40 million NOL

Contact Information: Managing Director
John Bennecke
312.235.3337
John.Bennecke@TPCtax.com

 

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