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GFBiochemicals Expands its Business by Acquiring Segetis

Published on 2016-02-22. Author : SpecialChem

Washington D.C. -- GFBiochemicals, one of the largest producers of levulinic acid directly from biomass and at an industrial scale, acquires the assets and intellectual property of Segetis, one of the main levulinic acid derivatives producers in the US market.

Fig. 1: GFBiochemicals Expands its Business by Acquiring Segetis

Segetis brings unique knowhow and expertise, including over 250 patents applications worldwide. The company has acquired Segetis’ production plant based in Minnesota (USA), and will establish a direct presence in the US market under GFBiochemicals Americas.

Marcel van Berkel, Chief Commercial Officer of GFBiochemicals, commented:

“Levulinic acid is one of the world’s most versatile building blocks for substituting oil-based products. With the acquisition of the Segetis assets and IP, including the Javelin™ brand of levulinic ketals technology, we can accelerate market entry for levulinic acid and its derivatives.”

Segetis is a premium levulinic acid derivatives producer with several proprietary applications – including fragrances, plasticizers for PVC & biopolymers, personal care, household & industrial cleaners, agrochemicals formulations and coating / adhesive strippers industries – coming from years of research and market development.

Marcel van Berkel, Chief Commercial Officer of GFBiochemicals, continued

“This acquisition marks an important transformational moment for GFBiochemicals and the beginning of growth strategy. The Company will continue on a development path based on both organic growth via the creation of high-value partnerships with major companies, as well as the potential for further acquisitions of levulinic acid’s derivative technologies”.

About Segetis

Segetis is a technology-enabled green chemistry company producing versatile chemical building blocks. This new platform harnesses the power and reliability of renewable agricultural and forestry resources. Powered by its Javelin™ Technology, this portfolio of biobased products are backed by a strong intellectual asset portfolio built on filed composition of matter patents.

About GFBiochemicals

GFBiochemicals is one of the largest producers at a global level of levulinic acid at commercial scale directly from biomass. The company has a unique set of proprietary technologies that allow levulinic acid and formic acid production with a one-step process directly from a wide range of cellulosic feedstock. GFBiochemicals has an international presence employing more than 50 people with headquarters in Milan, Italy, R&D and commercial office in Geleen, The Netherlands and production sites in: Caserta, Italy and Minnesota, USA.

Source: GFBiochemicals

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