Business View Caribbean | Volume 8, Issue 8

73 BUSINESS VIEW CARIBBEAN VOLUME 8, ISSUE 8 DANOSA CAR I BBEAN INC . Speaking to the background of the firm, Danosa Caribbean President, Waleska Rivera, shares, “We organized the company in 1978; the original owners were an investor from Spain. We started manufacturing material in Puerto Rico in 1980, though we were still selling product imported from the Spanish facility. Then in 1994, the company suffered a setback due to a fire in the plant and the owners decided not to continue the business on the island and to sell the company. So we came up with a Manager’s buyout proposal which was accepted, and in 1994 we bought the company. At the time, it was just a matter of you do it or you don’t do it. But when I analyze it now, I think, wow– it was the right moment. We’re a manufacturing plant of roofing membranes – the only such plant in the Caribbean and the only woman-owned in North and South America that we know of. That makes President, Waleska Rivera