Danimer Scientific Acquires Novomer for $152 Million
July 28, 2021
Danimer Scientific (NYSE: DNMR) signed a definitive agreement to acquire Novomer, a developer of conversion technology and PHA-based biodegradable polymer inputs, in a cash transaction valued at $152 million. The deal brings Novomer's pilot-scale production, proprietary Novo22 catalyst and IP portfolio into Danimer to expand product capabilities, lower costs and reduce fermentation needs while accelerating scale-up of biodegradable resin production.
- Buyers
- Danimer Scientific
- Targets
- Novomer
- Industry
- Manufacturing
- Location
- New York, United States
- Transaction Type
- Buyout
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