International Vitamin Corporation

The Company had seen an increase in customer demand as a result of COVID, however, the prolonged impact of COVID had a negative impact on the company’s supply chain – driving up material, freight and labor costs.  The increased costs, and shortage of supplies, challenged the Company’s ability to meet customer orders which hurt both liquidity and operating performance.  As a result, the Company was in technical default of its credit agreement and needed to hire a financial advisor.