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Green Dot Holdings LLC Acquires MGP’s Bioplastics Division
Date:2/11/2013

Cottonwood Falls, Kansas (PRWEB) February 11, 2013

Green Dot Holdings LLC Acquires MGP’s Bioplastics Division

Green Dot has acquired the bioplastics division of MGP. Green Dot will become a full service bioplastics company offering a complete line of bio-based and compostable materials, customized to customer needs.

Cottonwood Falls, Kan.: Green Dot has acquired the bioplastics division of Atchison, Kansas-based MGP Ingredients, Inc. (Nasdaq/MGPI). The acquisition includes a manufacturing facility in Onaga, Kan., and certain assets at the company’s research and development facility in Atchison. Also, included are three lines of bioplastic materials currently sold by MGP under the Terratek® brand name. The addition of these lines will allow Green Dot to meet a wide range of consumer needs with both bio-based and compostable bioplastic materials.

Green Dot now offers a complete line of materials using renewable natural ingredients suitable for a wide range of applications. The Terratek® line includes wood-based bioplastics, starch composites and biodegradable starch-based resins. These materials will be sold alongside Green Dot’s pioneering compostable elastomeric bioplastic.

In addition to these lines, Green Dot can develop customized client formulations using starch, wood and other biomass materials. The company’s extensive knowledge of polymer grades and additives can provide resins with a wide range of properties. The state-of-the-art compounding lab can quickly develop and test formulas for specific applications. Green Dot’s high quality and efficient operations can reduce the time spent in formula development.

“This agreement presents wonderful opportunities for all parties invo
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