Our team members played a critical role in Sunbeam's acquisition and spectacular turnaround, which generated over $1.5 billion in value for shareholders on a $100 million investment in 18 months. Turned chronic sales declines and operating losses into 20% sales growth and 15% operating margins, leading to a $1.2 billion IPO only 18 months after acquiring the company from bankruptcy for $110 million.
Developed comprehensive business and turnaround plans to boost Borden's value from $2 billion to $10 billion, including detailed plans for each of its 50 business units. Submitted an all-cash offer to acquire and rebuild this $6 billion-in-sales company. Borden's board of directors opted for all-stock offer from KKR.
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