June 12, 2025 –
In a landmark deal reshaping the bioplastics landscape, Rhode Island-based materials giant Teknor Apex has acquired the assets of struggling biopolymer pioneer Danimer Scientific through bankruptcy proceedings. The transaction marks a strategic expansion for the century-old compounder into sustainable materials.
The acquisition gives Teknor immediate access to Danimer’s proprietary PHA fermentation technology and Nodax® bioplastic portfolio – once considered industry game-changers that attracted partnerships with major brands including PepsiCo and Nestlé. Industry observers note the deal comes at a critical juncture, as traditional materials companies increasingly diversify into eco-friendly alternatives.
“Danimer’s microbial fermentation platform represents a perfect technological complement to our existing biopolymer capabilities,” said Teknor’s CEO during the announcement. The company plans to integrate Danimer’s R&D assets with its global production network spanning North America, Europe and Asia.
Danimer’s financial troubles emerged in late 2024 when scaling challenges and volatile raw material costs derailed its ambitious expansion plans. Despite early successes in developing compostable packaging solutions, the Georgia-based firm filed for Chapter 11 protection in March after failing to secure additional funding.
Market analysts suggest the takeover could accelerate commercialization of PHA-based solutions. “Teknor’s established customer relationships and processing expertise may finally unlock the true potential of these biodegradable materials,” commented a senior analyst at AsiaMB. The move signals growing consolidation in the bioplastics sector as conventional chemical firms pivot toward sustainability.