GFBiochemicals acquires Segetis and expands in the United States

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Mathieu Flamini and Pasquale Granata with Sean Penn at COP21 in Paris. Source: GFBiochemicals

GFBiochemicals expands in the United States and puts itself in a position of world leadership in the levulinic acid production from biomass. The Italian company, co-founded in 2008 by the young Italian entrepreneur Pasquale Granata and Arsenal midfielder Mathieu Flamini, bought the production facilities and intellectual property rights of Segetis, which is based in Minnesota, according to a statement. Terms weren’t disclosed.

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