DADA Holdings

DADA Holdings
New Day Aluminum
Sell-side Assignment

True North advised DADA Holdings on the sale of a portion of their interest in New Day Aluminum Holdings to Concord Resources. New Day is the largest alumina producer in the United States, serving both chemical grade alumina customers as well as a system of smelters sitting upstream in the Mississippi/Ohio River valley region. DADA will retain a minority ownership interest in New Day and will retain majority ownership of the European operations located in France and England, while Concord retains its minority shareholding in those operations.