On behalf of the New Ventures Group, I’m pleased to announce progress on our second strategic investment: Biosynthetic Technologies.

 

Biosynthetic Technologies (BT) is a start-up focused on creating a sustainable future through the development of a technology platform focused on high performance synthetic base stocks derived from renewable resources.  The manufactured products serve as a base stock for the lubricant and specialty chemical industries in the industrial, marine, and automotive markets.  BT will be a great addition to our portfolio and benefits from THG’s experience in the refining and specialty chemical space.

 

I’m excited to announce that Mark Miller is joining THG as BT’s CEO. Mark is a serial entrepreneur with a special emphasis on bio and sustainable technologies.  He co-founded and was CEO of Terresolve Technologies, Ltd. an environmentally safe chemical products company. He led the organization from start-up until his exit, creating a multimillion dollar, highly profitable, global industry leader. Mark also sits on the Board for The National Foundation For Animal Rescue (NAFFAR) and he and his wife Shari have adopted more than their share of homeless critters.  The entire BT team, including Matt Kriech and Bruce Marley, will report directly to Mark.

 

The BT funding should close mid-January. I want to take a moment to thank everyone who made this possible including Julie Austin, Matt Kriech, David Rosen, Tony Kriech, and Jon Schalliol, and the entire BT team.

 

Please join me in welcoming Mark to The Heritage Group.

 

Very best,

 

Kip