Nocopi Technologies Expands Operations with Acquisition of Polymeric and Appointment of Industry Executive
Nocopi Technologies (OTCQB: NNUP) acquired substantially all assets of Polymeric US, Inc. for $2.65 million, a move that more than triples its revenue base to over $5 million. The deal includes the appointment of Gregory S. Babe, former CEO of Bayer Corporation and former CTO of Matthews International (NASDAQ: MATW), as Executive Director of Operations.
Key figures
- Deal Value Usd
- 2650000
- Offering Price
- 1.5
- Cash paid
- 1750000
- Polymeric ttm revenue
- over $5 million
- Shares for acquisition
- 500000
AI analysis
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