BAINBRIDGE, Ga.--(BUSINESS WIRE)--Meredian Inc., the world’s largest producer of PHA (polyhydroxyalkanoate), has announced its plans to explore financing opportunities. The company has engaged investment bank Piper Jaffray in connection with its efforts.
Piper Jaffray is a leading investment bank and asset management firm who offers a complete range of advisory and financing services to their clients including mergers and acquisitions, equity and debt underwriting, private placements, restructuring and corporate and venture services. The firm offers a full suite of products that service their client’s business lifecycle needs, geographic reach and deep expertise in core sectors.
“We are thrilled to be working with Piper Jaffray as we explore different financial possibilities,” said Paul Pereira, Executive Chairman to the Board of Directors at Meredian Inc. “Our Company is at the leading edge of this innovative technology and growth capital is of course key to our business plan as we move forward.”
Meredian Inc. is sitting on the leading edge of unparalleled achievement in the bioplastics innovation. Some of their recent accomplishments include receiving six Vinçotte Certifications, becoming FDA Approved for Food Substance Contact and partnering with Tate and Lyle to demonstrate the ability for Meredian’s product to be manufactured on a mass scale. Additionally, they recently finished the harvesting of the pilot canola crop with much success despite the less than favorable weather conditions.
About Meredian, Inc.:
Meredian, Inc. is a privately held Georgia corporation which manufactures PHA biopolymers using renewable resources, further reducing the global dependence on petroleum historically used in production of plastics. Meredian, Inc. was formed by the principles following the success of its sister company, DaniMer Scientific, LLC. DaniMer Scientific was formed in 2004 to bring innovative solutions to the world by way of the use of biopolymer materials in traditional plastic applications. These companies are supported by a world class group of dedicated, highly skilled team members. With the addition of Meredian PHA biopolymers, the two companies offer a comprehensive selection of biopolymers that supports their core values of utilizing sustainably produced, renewable resource based polymers to improve people’s lives at work. Follow us on twitter and facebook.