M&A Deal Summary

Danimer Scientific Acquires Novomer

On July 28, 2021, Danimer Scientific acquired chemicals company Novomer for 152M USD

Acquisition Highlights
  • This is Danimer Scientific’s 1st transaction in the Chemicals sector.
  • This is Danimer Scientific’s largest (disclosed) transaction.
  • This is Danimer Scientific’s 1st transaction in the United States.
  • This is Danimer Scientific’s 1st transaction in New York.

M&A Deal Summary
Date 2021-07-28
Target Novomer
Sector Chemicals
Buyer(s) Danimer Scientific
Deal Type Add-on Acquisition
Deal Value 152M USD
Advisor(s) Cooley LLP (Legal)

Target

Novomer

Rochester, New York, United States
website
Novomer is a developer of chemical conversion technology to address market needs for transformable, functional and high carbon utility materials. Novomer’s current focus is on the development of beta-propiolactones and derivatives, using its proprietary CoEth technology. Novomer is based in Rochester, New York.

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Buyer(S) 1

Buyer

Danimer Scientific

Bainbridge, Georgia, United States

website

Category Company
Founded 2004
Sector Plastics
Employees190
Revenue 47M USD (2020)
DESCRIPTION

Danimer Scientific is a producer of biopolymers that manufactures PHA bioplastics from renewable, natural resources. Danimer plastics are 100% biodegradable and compostable, and equal to or exceed petroleum-based plastic commodities for price and performance. Danimer Scientific was founded in 2004 and is based in Bainbridge, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal