New Dana Perfumes, Mountaintop, PA, has retained Carl Marks Capital Advisors, LLC (CMCA) for the purpose of offering shares in New Dana Corporation owned by an investment partnership controlled by Dimeling, Schreiber & Park (DSP), to a select group of potential buyers, New Dana executives commented.
New Dana Perfumes was purchased by DSP in August of 1999. William R. Quinn, principal, DSP, said, “When DSP purchased the controlling shares in 1999, the company had filed for Chapter 11 and needed a major operational and financial restructuring. At this point in time, the turnaround is complete as NDP is a healthy company with annual sales in excess of $73 million, and is poised for continued growth.”
Added Tony Wesley, chief operating officer of NDP, “Our brands have proven they can perform on an upswing even in periods of decline.” l