Alton Worldwide’s most recent success story involves the merging and subsequent expansion of two environmental solutions companies -Meredian and DaniMer Scientific – into a single brand identity called MHG (Meredian Holdings Group)/Danimer Scientific.
Meredian/Danimer Scientific has been the world’s largest Polyhydroxyalkanoate (PHA) bioplastics producer, manufacturing 100% biodegradable and compostable biopolymers using renewable resources. Albeit that production quantities have not achieved commercial volumes as yet and may be a few years away, the potential for this exists in the horizon. DaniMer Scientific is an international corporation that produces formulated products using Natureworks polylactic acid (PLA) biopolymers to create bio-replacements for petrochemical products.
Merged into one, MHG/Danimer Scientific as a new entity can now offer a wider variety of biopolymer resins and compounds for a range of manufacturing needs.
With Alton Worldwide’s expertise in mergers and acquisitions, we were able to consolidate every class of preferred stock between the two companies in favor for common stock underneath the merged entity MHG/Danimer Scientific. Apart from expected increases in revenue due to shared resources and a more efficient infrastructure, the merger will bring additional income and job opportunities as it will hugely impact Georgia’s agriculture. As a result from this merger, which was overseen by Alton Worldwide’s own Paul Pereira, MHG’s market awareness and demand has grown exponentially, enabling the company to work toward scaling up biopolymer manufacturing to global production levels.
MHG/Danimer Scieintific biopolymers are created without toxic solvents, have been FDA-approved for food substance contact, and are certified biodegradable and compostable by Vinçotte International. Fortune 100 customers cultivated under Pereira’s guidance include Pepsico, Genpack, Solo/Dart, Polymer group, Henkel, BASF, SC Johnson and Tate and Lyle just to name a few who are a varying stages of Research & Development and production.
MHG/Danimer Scientific continues to grow as the company strides towards commercialization. Dr. Pereira is currently the CEO and Executive Chairman to the Board of Directors and serves as the leadership and guidance for the company as Danimer Scientific positions itself to be recognized as a player in the renewable and sustainable alternate products and packaging arena.