5 With ID: Optimas Solutions' CFO on the Importance of Cash Conversion

As distributors position themselves for a return to growth mode as pandemic recovery continues, cash conversion is critical.

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.

LEARN MORE: Learn all about Optimas Solutions and its capabilities in Industrial Distribution's recent "ID In-Depth" feature on the company.

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