Navigation Links
Green Dot Holdings LLC Acquires MGP’s Bioplastics Division

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 involved,” said MGP President and CEO Tim Newkirk. “MGP is selling this business to a company firmly established in the plastics industry. With their experience, market knowledge and capabilities, Green Dot is well-positioned for success in the arena of eco-friendly product solutions. For MGP, this transaction aligns with our focus on supporting growth in our core business areas—food ingredients and alcohol products.”

“This acquisition will enable Green Dot to better serve our customers with a broad range of materials, along with the expertise and facilities to quickly develop new formulations tailored to their unique specifications,” stated company CEO Mark Remmert. “The synergy of the two companies’ assets will be leveraged to capitalize on the rapid growth predicted in the U.S. bioplastics market.”

About Green Dot Holdings LLC:
Green Dot is a bioscience social enterprise serving the plastics industry, manufacturers and style conscious consumers who want to protect the Earth, not pollute it with enduring waste. Green Dot aspires to improve the environment in which we live, by building a more sustainable world with renewable bio-based resins and promoting their use through invention, creation and research, so everyone can contribute to a more sustainable world.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related biology technology :

1. Nucleic Acids Research Journal Publishes Sapphire Energy Peer-Reviewed Research Paper on a Chloroplast Genome From Green Algae
2. ATCC Announces Agreement with Life Technologies Corporation to Sell and Distribute Green Fluorescent Protein (GFP)-based Materials
3. Nano-pesticides: Solution or threat for a cleaner and greener agriculture?
4. Green Cleaning Moms Receive Aid from MyCleaningProducts; MCP Now Supplies Non-Toxic Rust Remover and Other Cleaners
5. Bed Bugs Bite on Businesses, Green Bean Buddy Advises Owners to Fight Back With a Non-Toxic Bed Bug Bully Product
6. Novel clay-based coating may point the way to new generation of green flame retardants
7. MyCleaningProducts Invites Moms to Join the Green Crusade With Its Eco-Friendly Rust Removers and Other Cleaners
8. Mandy Moore Campaigns for Clean Water, GreenBeanBuddy Encourages Mothers to Help Through the Use of Green Cleaning Products
9. Tropical Storm Debby Pounds Florida With Heavy Rain. Green Bean Buddy Gives Reason Why Home Owners Should Prepare For Mold Outbreaks
10. Maxx Performance Joins GreenPalm to Promote Sustainable Harvest of Palm Oil
11. Green Coffee Extract Continues Dominance Amongst Summers Top Weight Loss Products
Post Your Comments:
(Date:10/12/2015)... BRUSSELS , Oct. 12, 2015  Amgen (NASDAQ: ... findings from an exploratory sub-study of the previously reported romosozumab ... in an oral plenary session at the American Society for ... Seattle . 2 ... exploratory sub-study data showed that, at month 12, the investigational ...
(Date:10/12/2015)... Group, Inc. (NASDAQ: MDXG ), the leading regenerative ... to develop and market advanced products and therapies for ... and the Dental sectors of healthcare, announced today the ... Company has been dismissed by the court.  ... "As we suspected, this case was brought by an ...
(Date:10/12/2015)... Oct. 12, 2015  Rebiotix Inc. today announced ... designated its lead Microbiota Restoration Therapy (MRT) RBX2660 ... recurrent Clostridium difficile (C diff) infection, ... causes 29,000 deaths in the U.S. annually. 1 ... that was founded to revolutionize the treatment of ...
(Date:10/12/2015)... octubre de 2015 El 8 de octubre, ... récord en el congreso con su declaración acerca del ... Plasma Awareness Week (IPAW), que se celebrará del 11 ... la Plasma Protein Therapeutics Association (PPTA) y ... , Aumentar la concienciación mundial acerca de la donación ...
Breaking Biology Technology:
(Date:10/7/2015)... -- --> --> According ... third quarter 2015 amounted to around 960 MSEK. This exceeds ... was communicated 20 August 2015. --> ... a continued growing demand for the company,s products, the revenues ... than during the third quarter. The revenue guidance for 2015 ...
(Date:10/2/2015)... Oct. 02 2015 ... "Enforcing the Law Using Biometrics" report ... has announced the addition of the "Enforcing ... offering. --> Research and Markets ( ... "Enforcing the Law Using Biometrics" report ...
(Date:9/29/2015)... Calif. , Sept. 29, 2015 ... improves employee productivity while also saving energy , ... such as Low Power Active Mode and embedded Fujitsu ... transformation Fujitsu today shows that good ... new and refreshed models to its enterprise desktop and ...
Breaking Biology News(10 mins):