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Mergers & Acquisitions

Lygos to go public via merger with FSI

by Matt Blois
April 23, 2022 | A version of this story appeared in Volume 100, Issue 14

 

The privately held biobased chemical maker Lygos plans to merge with Flexible Solutions International (FSI), a public company that makes biodegradable polyaspartates. Lygos executives will lead the new company if shareholders approve the deal. FSI already uses Lygos’s biobased aspartic acid. The companies say Lygos will continue to make sustainable feedstocks; FSI will turn them into final products, focusing on fertilizer additives, detergents, and, eventually, superabsorbent materials.

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