This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Biovation, Maker Of Organic And Sustainable Laminate Products, Receives Investment From MVC Capital

Stocks in this article: MVC

Biovation Holdings Inc., a manufacturer and marketer of sustainable, organic materials and biocomposites, today announced that MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company that makes private debt and equity investments, will invest up to $3.05 million in the Company.

Biovation produces organic material made primarily of corn and soybean co-products that, through a proprietary process, can be extruded into flat sheets or rolls. Biovation’s green products are manufactured without formaldehyde or other hazardous and harmful toxins, which are currently found in 100% of the laminates produced today. While numerous potential end markets for Biovation’s products and technologies exist (including decorative laminates (wood grain or granite), transportation, decorative lighting, military, print media, and electronics), Biovation will focus initially on the decorative laminates market under the Biosurf brand name.

Biovation has developed five fundamental film products for the decorative laminate space and each of these products are proprietary technologies with patents pending. The five fundamental film products can then be combined into nearly any kind of Low Pressure Laminate (LPL) or High Pressure Laminate (HPL) decorative laminate.

Michael Riebel, Chief Technology Officer and founder at Biovation said: “With the significant financial and operational resources MVC brings to the company, we can better achieve our near and long-term objectives. MVC has already demonstrated their hands–on investment approach and we look forward to working closely with them as we enter the next phase of our growth.”

Commenting on the investment, Michael Tokarz, Chairman and Portfolio Manager of MVC, said: “We are pleased to partner with Biovation, an innovative and entrepreneurial company with a revolutionary green laminate product and proprietary technology applicable to a large number of end markets.”

About Biovation Holdings Inc.

Biovation Holdings, Inc. is a manufacturer and marketer of environmentally-friendly, organic and sustainable materials and composites for use in the production of laminates and green products under the brand name Biosurf. More information about Biovation can be found at www.biosurfsolutions.com.

About MVC Capital, Inc.

MVC Capital is a Business Development Company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For MVC's investor relations, please call 914-510-9400. All media inquiries should be directed to Nathaniel Garnick at 212-687-8080.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs