Mergers & Acquisitions ·
Loop Industries, Inc. announced the formation of a Strategic Alternatives Committee by its Board of Directors to…
LOOPLoop Industries, Inc.
Loop Industries, Inc. announced the formation of a Strategic Alternatives Committee by its Board of Directors to evaluate strategic and financial options aimed at maximizing shareholder value. This move follows the appointment of Jeff Geygan as Chairman and the separation of the Chairman and CEO roles. The committee's immediate priority is securing capital for an India joint venture through debt, equity, or partnerships. Broader alternatives under review include licensing deals, joint ventures, business combinations, a potential sale, merger, or going-private transaction. Daniel Solomita remains CEO to lead operations. Loop Industries operates in the clean technology sector, producing virgin-quality PET plastic and polyester fiber from waste materials.