In the separation, TR Holdco retained ownership of American Process brand name, the American Process engineering business, API-Europe, certain IP rights and access to the Thomaston biorefinery R&D center.
Under the leadership of Theodora Retsina, Steve Rutherford and Vesa Pylkkanen, American Process will continue to be active in the biomass renewables space in R&D, technology development, engineering and building of biorefinery plants.
“We will continue our tradition of providing innovation, engineering, technology and customer service with integrity and mindful of societal value creation” said American Process CEO Theodora Retsina.
“In this separation, I am saddened that we leave behind some of our previous co-workers. I am deeply thankful to them for their contributions. They will always have a special place in my heart.”
“We wish our ex-partner, GranBio, good luck in its endeavors.”
Source: Company Press Release