ZIPPA, s.r.o.
Since 1994, ZIPPA has been a leading manufacturer of high-end prefabricated building materials. Due to the collapse of the construction business in Slovakia in 2012-2015, ZIPPA sought out the help of DRS in carrying out formal restructuring of the company. The task was even harder as the timing collided with the lowest cash-flow period. Nevertheless, the outcome of DRS engagement was enormous. Total debt of ZIPPA amounting to 1,3 mil. EUR was reduced to only 0,2 mil. EUR, that is 90% of debt reduction, with the remaining part to be paid out to creditors in accordance to the restructuring plan over a period of five years. The restructuring process of ZIPPA started in 2013, and the company operates till date.
Piešťany, Slovakia
Building materials
Restructuring
About Us
DRS is the advisory firm specializing in two core areas; corporate restructuring and turnaround solutions, as well as business growth strategies and implementation.
Contact
info@drs.sk
02 / 326 617 35
Laurinská 4, 811 01 Bratislava
Slovensko
