Akerman represented DMI Personal Care and its president, Douglas Sylva, in a sale to TruArc Partners, a middle market-focused private equity firm. DMI’s COO, Elaine Balady, also participated in the transaction.
DMI is a leading contract manufacturer located in Wharton, New Jersey. DMI offers product development and innovation, regulatory compliance, process engineering, manufacturing, and filling services in a cGMP facility with FDA registration and UL certification. DMI focuses on the skincare, bodycare, color cosmetics, and haircare product categories. TruArc will combine DMI with Trademark Cosmetics, a TruArc portfolio company located on the West Coast. The partnership establishes a national footprint, with strategically located facilities on both the east and west coasts to support customer growth as well as provide redundant production capabilities.
The Akerman team representing DMI was led by Corporate Partner Ted D. Rosen. The other lawyers involved included:
- William Sullivan, Chair, Federal Tax Practice
- Sahar Hakakian, Partner, Real Estate Practice Group
- Richard Leland, Partner, Real Estate Practice Group
- Gabriel Marinaro, Partner, Employee Benefits and Executive Compensation Practice
- Felicia Nowels, Partner, International Trade and Customs Practice
- Scott Silverman, Partner, Labor and Employment Practice Group
- Alejandro J. Fernandez, Partner, Intellectual Property Practice Group
- Daniel Silva, Special Counsel, Corporate Practice Group
- Carlos de la Cruz, Associate, Corporate Practice Group
- Mauricio Perlaza, Associate, Corporate Practice Group
About Akerman
Founded in 1920, Akerman is recognized as one of the country’s premier law firms, with more than 700 lawyers in 26 offices throughout the United States.