Stora Enso Oyj Acquires Virdia for $62,000,000

  • Feed Type
  • Date
    6/24/2014
  • Company Name
    Virdia
  • Mailing Address
    Undisclosed Redwood City, CA 94065 USA
  • Company Description
    Virdia is a leading developer of cellulosic sugars and lignin for use in the renewable chemicals, bio-energy and nutrition industries. The company’s CASE proprietary process converts a wide range of cellulosic feedstock, including wood, energy crops and agricultural residues into highly refined sugars and lignin.
  • Website
    http://www.virdia.com
  • Transaction Type
    M&A
  • Transaction Amount
    $62,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The upfront debt-free transaction value is approximately USD 33 million (EUR 24 million) with additional potential payouts totalling approximately USD 29 million (EUR 21 million) following completion of specific technical and commercial milestones by 2017.

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