Metals & mining 2024 30 weeks

Montferrat Acciai

Specialty steel group, carve-out from a diversified conglomerate

Engagement
30 weeks
Office
London
Lead partner
Arun Malhotra

The challenge

The carve-out had to keep three melt shops shipping through separation, with transition agreements the sellers priced by the month and a synergy plan the buyers priced at twice the historical capture rate.

What we did

Arun Malhotra's diligence had already read the maintenance debt and the yield records before signing. The separation program ran short, priced TSAs with exit dates; the operations team worked yield and procurement in parallel from day one.

Synergy lines were priced per item with monthly evidence, owned by the client's own integration leads.

The outcome

Order book intact at day one hundred with zero lost accounts. Synergy run-rate reached 38 million euros by month eleven against a plan of 24 — the yield program paid for the integration.

Impact metrics

Synergy run-rate +38 €M

Before 0 €M
After 38 €M

Yield across melt shops +3.9%

Before 89.2 %
After 93.1 %

TSA cost as planned −8 % of budget

Before 100 % of budget
After 92 % of budget

Bars are scaled per metric against its own maximum. Direction of improvement: Synergy run-rate, Yield across melt shops, TSA cost as planned — see each metric.

Expertise behind this program

Facing something similar?

Describe your baseline and target. If we have run it, we will say so — and show you the number.