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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