Teknor Apex Company, a global custom compounder of plastics and elastomers, has acquired the assets of Danimer Scientific, a developer and manufacturer of biodegradable polymer technologies, through a bankruptcy auction process. The acquisition was finalized following a court-approved sale under Chapter 11 proceedings in May 2025.

Headquartered in Bainbridge, Georgia, Danimer Scientific filed for Chapter 11 bankruptcy protection in March 2025, amid ongoing financial challenges. Teknor Apex was designated as the stalking horse bidder and, in the absence of competing qualified offers for substantially all of Danimer’s assets, was selected as the winning bidder. The $19 million acquisition includes Danimer’s fermentation-based production facilities, intellectual property portfolio, and related operating assets.

Through this acquisition, Teknor Apex strengthens its position in sustainable materials, gaining:

• A proprietary biopolymer platform, including Danimer’s well-known Nodax® polyhydroxyalkanoate (PHA) technology, which is certified for marine and soil biodegradability.
• Two U.S.-based manufacturing and R&D sites in Bainbridge, Georgia, totaling over 200,000 square feet.
• An extensive intellectual property estate, with more than 480 patents and pending applications across 20+ countries, encompassing fermentation-based monomer production; biopolymer compounding and formulation; and end-use applications for PHA/PLA

Danimer Scientific will continue operating under its existing name and management, supported by Teknor Apex’s infrastructure and resources. The integration plan prioritizes continuity in R&D and customer relationships while expanding market access for Danimer’s bio-based polymer technologies. Teknor Apex’s current bio-based polymers portfolio encompasses a range of products, from colorants to performance-enhancing additives and bio-based plasticizers.

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