Having languished in limbo since 2019, the assets of the bankrupt Italian PHA manufacturer Bio-on are now in the process of being acquired by the Turin, Italy headquartered Maip Group.
PHA maker Bio-On s assets up for auction
Bio-On SpA
All of the assets of PHA maker Bio-On SpA, including its factory in Bologna, Italy, are up for sale through an auction.
Bio-On SpA, the Italian maker of polyhydroxyalkanoate (PHA) biopolymers that made headlines in July 2019 when it was accused of being a house of cards by U.S. hedge fund Quintessential Capital Management, is for sale.
Bio-On declared bankruptcy at the end of 2019.
A court in Bologna recently announced that the liquidation has been approved and that the company s assets are to be put up for auction at a public sale on May 5.