Biosynthetic Technologies, LLC has acquired Innoleo, LLC, a privately-held distributor of quality castor derivatives for grease, lubricants, metal-working fluids, coatings and personal care applications. Through this purchase, Biosynthetic Technologies will now add a comprehensive line of castor and other oleo derivatives to its existing Estolide technology portfolio.
"Meeting our focus of innovations for a sustainable future , our new line of commodity castor derivatives will create the perfect addition to our current Estolide product line. All products are highly suitable for the manufacture of Environmentally Acceptable Lubricants (EAL) formulations," said Dr. Matthew Kriech, COO of Biosynthetic Technologies and the new CEO of Innoleo, LLC.
"We are incredibly excited about this recent agreement with Biosynthetic Technologies, as this organization truly shares our goals and values for a sustainable future. The combined efforts of these companies, will enable us to reach even more customers around the world with our growing portfolio of renewable castor and other oleo derivatives, utilizing the broad network and geographic footprint of Biosynthetic Technologies," said Adele Savaiano, COO of Innoleo, LLC.