Meredian merging with Danimer Scientific

By Frank Esposito
Senior Staff Reporter

Published: July 24, 2014 1:59 pm ET
Updated: July 24, 2014 2:01 pm ET

Related to this story

Topics Sustainability, Materials, Mergers & Acquisitions, Materials Suppliers

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.

“We are convinced that this move will put these companies in a very strong position with revenues and profits as they move forward in the bioplastics industry,” Paul Pereira, executive chairman to both firms, said in a July 23 news release.

The move comes just a few weeks after Meredian officials said that the firm was seeking additional investors — and less than two years after the Bainbridge, Ga.-based firm opened its first commercial production plant making PHA bioresin. That material is based on oils from soybeans, cottonseed or corn.

After the merger, shareholder of both firms will hold equal shares of the new firm, which will operate as Meredian Holdings Group Inc. Danimer — also based in Bainbridge — bought the PHA technology used by Meredian from consumer products giant Procter & Gamble co. in 2007.


Comments

Meredian merging with Danimer Scientific

By Frank Esposito
Senior Staff Reporter

Published: July 24, 2014 1:59 pm ET
Updated: July 24, 2014 2:01 pm ET

Post Your Comments


Back to story


More stories

Image

Battle brewing over single-use coffee pods

October 2, 2014 12:25 pm ET

A battle is brewing in the world of single-service coffee pods. A major Canadian roaster of the beverage beans is suing North America's leading...    More

Image

Silver-Line and Lasco Fittings earn sustainable manufacturing certification

October 2, 2014 11:42 am ET

The Plastic Pipe and Fittings Association (PPFA) certified the first two businesses — a pipe extruder and a fittings producer — to meet...    More

Image

Integrated plastic/metal injection molding helps cars trim weight

October 2, 2014 11:17 am ET

Although it consumes a scant 9 percent of European plastics production, the auto industry is driving plastics research in the region, said Mathias...    More

Image

Coca-Cola sustainability report highlights PlantBottle usage

October 1, 2014 12:47 pm ET

Coca-Cola Co. has now distributed more than 25 billion PlantBottles since their introduction five years ago.    More

Image

OptiLedge taking Ikea's pallet replacement system to the next level

October 1, 2014 11:49 am ET

OptiLedge LLC is taking Ikea's plastic alternative to the traditional wooden pallet to the next level, making and marketing them globally.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events