Origin Materials Completes Business Combination With Artius Acquisition Inc.
June 25, 2021
Origin Materials completed a business combination with special purpose acquisition company Artius Acquisition Inc., with Artius changing its name to Origin Materials and beginning trading on Nasdaq under ticker ORGN on June 25, 2021. The transaction (previously valued at approximately $1 billion) was supported by existing and new investors including Danone, Nestlé Waters, PepsiCo, Mitsubishi Gas Chemical and AECI and will provide capital to fund Origin's commercial-scale plants and growth plans.
- Buyers
- Artius Acquisition Inc., Danone, Nestlé Waters, PepsiCo, Mitsubishi Gas Chemical, AECI, Sylebra Capital, Senator Investment Group, Electron Capital Partners, BNP Paribas Asset Management Energy Transition Fund, Affiliates of Apollo
- Targets
- Origin Materials, Inc.
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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