Dada Holdings Sells Controlling Interest in New Day to Concord

​Based in Florida, David D’Addario is a business leader with over three decades of experience. He specializes in the metals and mining industry and has served in various executive positions. David D’Addario is the chairman and CEO of Dada Holdings.

Based in Fort Lauderdale, Florida, Dada Holdings is an investment and management firm focusing on control and passive investments across various industries. In 2021, the company announced its concluded deal to sell a portion of its interest in New Day Aluminum to Concord Resources Ltd. New Day Aluminum is a firm that mines products for metallurgical and non-metallurgical applications, produces aluminum, and supplies chemicals.

This sale implies that Concord Resources, which initially bought a 12 percent stake in New Day in 2018, has a substantial increase in its equity stake in the company. It now possesses a majority interest in New Day Aluminum. This transaction also gives Concord Resources access to an additional 600,000 tons of alumina annually, making it a global leader in aluminum trading.

Concord Resources, which has its headquarters in London, is involved in supplying and delivering raw materials and minerals. As noted by the CEO of Concord, this development signifies a complementary evolution of the firm’s global alumina business.

David D'Addario, New Day Aluminum LLC

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