# Danimer Scientific to acquire Novomer for $152M

Danimer Scientific has signed a definitive agreement to acquire Novomer, a developer of biodegradable polymer technology, for $152 million in cash. The acquisition will enable lower-cost biodegradable products.

- Type: Acquisition
- Announced: 2021-07-28
- Where: Rochester, New York, United States
- Value: $152.0M
- Status: announced
- Products: biodegradable polymers, PHA-based resins
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Novomer](https://endata.com/companies/305.md) (target)
- [Danimer Scientific](https://endata.com/companies/3934.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1779020/000095017021000612/dnmr-20210729ex99_2.htm), 2021-07-28: "Danimer Scientific today announced that it has signed a definitive agreement to acquire Novomer, Inc. in a cash transaction valued at $152 million."
- [business.newportvermontdailyexpress.com](http://business.newportvermontdailyexpress.com/newportvermontdailyexpress/article/bizwire-2021-7-28-danimer-scientific-to-acquire-biodegradable-polymer-producer-novomer), 2021-07-28: "Danimer is at the forefront of the bioplastics industry as a premium biopolymer supplier and we look forward to leveraging its valuable resources and go-to-market expertise to scale efficiently together and address growing global blue-chip customer demand for our solutions."
- [businesswire.com](https://www.businesswire.com/news/home/20210728005949/en/Danimer-Scientific-to-Acquire-Biodegradable-Polymer-Producer-Novomer), 2021-07-28: "Danimer is at the forefront of the bioplastics industry as a premium biopolymer supplier and we look forward to leveraging its valuable resources and go-to-market expertise to scale efficiently together and address growing global blue-chip customer demand for our solutions."
- [businesswire.com](https://www.businesswire.com/news/home/20210728005949/en), 2021-07-28: "Danimer is at the forefront of the bioplastics industry as a premium biopolymer supplier and we look forward to leveraging its valuable resources and go-to-market expertise to scale efficiently together and address growing global blue-chip customer demand for our solutions."
- [canplastics.com](https://www.canplastics.com/sustainability/danimer-scientific-to-acquire-biodegradable-polymer-producer-novomer/1003456817/), 2021-07-29: "We will now have the potential to provide an even broader range of products with improved barrier properties for packaging and other uses at a lower cost."
- [bioplasticsmagazine.com](https://www.bioplasticsmagazine.com/en/news/meldungen/20210802-Danimer-Scientific-to-acquire-sustainable-polymer-producer-Novomer.php), 2021-08-02: "This is an important acquisition for Danimer that advances our strategy of providing biodegradable solutions to the plastics industry."
- [nonwovensnews.com](https://www.nonwovensnews.com/raw-materials-news/15567-danimer-to-acquire-novomer), 2021-08-03: "Danimer Scientific is to acquire Novomer, a leading developer of conversion technology providing transformable, functional and low net carbon inputs into the production of PHA-based resins and other biodegradable materials, for $152 million."
- [businesswire.com](https://www.businesswire.com/news/home/20210811005872/en/Danimer-Scientific-Completes-Acquisition-of-Biodegradable-Polymer-Producer-Novomer), 2021-08-11: "Danimer Scientific, Inc. today announced that it has completed the acquisition of Novomer, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.