M&A Deal Summary

Green Dot Holdings Acquires MGP’s Bioplastics Division

On February 11, 2013, Green Dot Holdings acquired plastics company MGP’s Bioplastics Division from MGP

Acquisition Highlights
  • This is Green Dot Holdings’ 1st transaction in the Plastics sector.
  • This is Green Dot Holdings’ 1st transaction in the United States.
  • This is Green Dot Holdings’ 1st transaction in Kansas.

M&A Deal Summary
Date 2013-02-11
Target MGP’s Bioplastics Division
Sector Plastics
Buyer(s) Green Dot Holdings
Sellers(s) MGP
Deal Type Divestiture

Target

MGP’s Bioplastics Division

Onaga, Kansas, United States
MGP’s Bioplastics Division engages in manufacturing of bio-based and compostable bioplastic materials. MGP’s Bioplastics Division includes a manufacturing facility in Onaga, Kansas and certain assets at the company’s research and development facility in Atchison.

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Buyer(S) 1

Buyer

Green Dot Holdings

Cottonwood Falls, Kansas, United States

website

Category Company
Founded 2009
Sector Plastics
DESCRIPTION

Green Dot Holdings LLC is a designer and producer of biobased plastic that’s incredibly versatile and capable of withstanding high temperatures, starch-based composites are suitable for either rigid or pliable plastic applications. Our Terratek SC line lets you replace up to 65 percent of your plastic product with renewable materials.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

MGP

Atchison, Kansas, United States

website

Category Company
Founded 1941
Sector Beverages
Employees690
Revenue 782M USD (2022)
DESCRIPTION

MGP is a producer of value-added, grain-based starches, proteins and food-grade alcohol products for the branded packaged goods industry. MGP was founded in 1941 and is based in Atchison, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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