Monomoy Capital Partners: "Monomoy bought Anchor out of bankruptcy in 2007, negotiating revised agreements with critical suppliers, IT providers, major customers, existing creditors and all seven labor unions in just 32 days. We reduced annual operating expenses by several million dollars in our first 18 months of ownership, and two strategic acquisitions have enabled us to launch a new product line of houseware accessories. Monomoy has taken Anchor from near zero profitability to healthy EBITDA margins in two years, and the company is well-positioned to enjoy substantial growth over the next 18 months."
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