GFBiochemicals Buys Producer of Levulinic Acid Derivatives
WASHINGTON – GFBiochemicals, a producer of levulinic acid directly from biomass, has acquired the assets and intellectual property of Segetis, a levulinic acid derivatives producer in the U.S. market.
Segetis brings unique knowhow and expertise, including over 250 patents applications worldwide. GFBiochemicals, Milan, Italy, has acquired Segetis’ production plant in Minnesota and will establish a direct presence in the U.S. market under GFBiochemicals Americas.