Meredian and DaniMer merge for renewable development

In Georgia, Meredian Inc., the world’s largest producer off PHA, has merged with DaniMer Scientific, an international corporation focusing on the development of sustainability produced, renewable, and biodegradable resources, under a wholly-owned subsidiary Meredian Holdings Group Inc.

“This merger took months of planning, approvals and precise execution. We have been able to consolidate and get rid of every class of preferred stock between the two companies. Meredian Holdings Group Inc. is now the new holding company with only common stock and the merged entities improves the strength of both our companies,” said Paul Pereira, Executive Chairman to the Board of Directors to both Meredian Inc. and DaniMer Scientific and CEO. “ This has been a milestone achievement and we are convinced that this move will put these companies in a very strong position with revenues and profits as they move forward in the bioplastics industry.”

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