Savings during recession lead to increased profitability as economy improves

Company position stronger as business improves

As a Tier 1 supplier to the auto industry, Acoust-A-Fiber’s volume dropped more than 50% in 2008-09. The manufacturer found it necessary to lay off many of its 150 employees.

In 2010, Acoust-A-Fiber began rehiring its laid-off workers, thanks to both improved business conditions and the cash it had on hand from prudent reductions in overhead costs.

“Cost-cutting measures taken during the lean times are helping to generate increased profitability now,” said Skip Allan, Acoust- A-Fiber President and CEO. “Volume sometimes hides those problems, but after going through the recession, I think we’re going to be more sensitive to that.”

ERA reduces charges and improves service

Having been through other downturns, Allan knew to avoid “random cutting.” Instead, he called upon the G&A cost-cutting expertise of Expense Reduction Analysts (ERA).

ERA Consultants identified ways to reduce expenses related to the waste generated from Acoust-A-Fiber’s manufacturing process for acoustical and thermal composite products.

ERA experts negotiated significant reductions in collection charges; reduced fees; eliminated some charges; capped annual increases; and greatly improved customer service.

“The cost-cutting measures we took during lean times are helping to generate increased profitability now.”

Skip Allan, President/COO Midwest Acoust-A-Fiber

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