In early January, fasteners distributor & manufacturer Optimas Solutions — number 20 on ID’s Big 50 List — announced it had completed a comprehensive refinancing of its debt structure that positioned the company well for long-term growth. It provided for enhanced liquidity, a five-year maturity, and significant reductions both in the quantum of debt and the interest expense going forward for Optimas.
Cash conversion news like this isn’t exactly a sexy topic, but it’s a big one for distributors, especially as they try to better position themselves to return to growth mode as we move through the COVID-19 pandemic.
In this episode, we speak with Optimas CFO Jim Japczyk about the importance of cash conversion for distributors, especially in the fasteners space, and his advice to other companies.
