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  6. Danimer Scientific Acquires Novomer

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 (Legal)

Target

Novomer

Rochester, New York, United States
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
Category Company
Founded 2004
Sector Plastics
Employees257
Revenue 47M USD (2023)
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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
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