People & Business :: Green Issues
Stora Enso acquires North American biotechnology company
10:37 AM MDT | July 24, 2014 | Francinia Protti-Alvarez
Stora Enso (Helsinki) has acquired 100% of the shares of the Virdia (Danville, VA), a developer of extraction and separation technologies for converting cellulosic biomass into highly refined sugars and lignin, Stora Enso says. The transaction was valued at about $33 million with additional potential payouts totaling approximately $29 million following specific technical and commercial milestones by 2017, Stora Enso says. “This acquisition is in line with our strategy of growing in biobased chemicals, ingredients, and solutions, building on...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee