Green Dot Holdings acquires MGP’s bioplastic division

In Kansas, Green Dot Holdings has acquired the bioplastics division of Atchison, Kansas-based MGP Ingredients. The acquisition includes a manufacturing facility in Onaga, Kansas 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.

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 compostable elastomeric bioplastic.

More on the story.