Danimer Scientific completed the acquisition of Novomer for $152m.

Danimer Scientific, a bioplastics company, completed the acquisition of Novomer, a developer of polymers and chemicals, for $152m. “Completing this acquisition is an important step forward in accelerating our plan to deliver high-quality biodegradable products to leading consumer product clients. The transaction increases the economic value of our expansion while reducing the dollar risks of commodity inputs in our process. This transaction enables Danimer to continue our development and deployment of products for consumer packaging and other applications that the marketplace is demanding," Stephen E. Croskrey, Danimer CEO.