Case Study

Rich Products - receiving trade credit in exchange for a property

Rich Products - receiving trade credit in exchange for a property

A Plant Closing Solution "Rich" in ValueThe Challenge Rich Products was closing a food manufacturing plant and wanted to sell the 56,100 square-foot facility that was located on six acres of land. It was a necessary move in the name of e?ciency and cash ?ow. Unfortunately, Rich was receiving o?ers that were signi?cantly less than anticipated, and taking a loss on the property was not a desired outcome. How ICON Uncovered Value ICON bought the facility for above-market value, paying $3Ready to Work with ICON? million, allowing Rich to recover far more value than the open market would yield. In return, ICON issued trade credit that Rich could use over time to purchase advertising and other services the company used in its normal course of business. The Results Rich i

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