Dongar, Inc. has continued operations through a transaction with Harmon Associates
Dongar Inc. d/b/a Production Services, Inc. – This contract cosmetics packaging company, located in New Jersey, was forced to file chapter 11 after the loss of several key accounts. After two unsuccessful attempts to confirm a sale to Harmon Associates, a chapter 11 trustee was appointed, and the trustee hired SC&H Capital to facilitate a sale.
SC&H conducted site visits with twelve new prospective buyers and generated two competing offers. As a result of this competition, Harmon increased their offer by 28% and improved terms, which allowed the court to approve the transaction. The sale closed and all employees, including the former owner, were retained