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

lved,” 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 http://www.prweb.com/releases/2013/2/prweb10396764.htm.


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