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ICR Inc. represents Footprint, the material sciences company that has developed plant-based materials to replace plastic packaging, as it plans to go public via a merger with Gores Holding VIII SPAC in a transaction valued at $1.6B.
“Our mission is to create a healthier planet and step one is to design, develop and manufacture plant-based fiber solutions as an alternative to single-use plastics,” said Troy Swope, co-founder & CEO of Footprint.
The Gilbert, AZ-based company’s customer base includes General Mills, Tyson, Quaker, McDonald’s, Procter & Gamble, Nestle, Unilever and Conagra.
It envisions a $315B annual market opportunity as companies step up sustainability drives and shed plastic and foam packaging for their products.
Launched in 2014, Footprint will trade on the NASDAQ.
ICR’s Reed Anderson works the investment community for Footprint, while Cory Ziskind handles media.
Sard Verbinnen & Co.'s John Christiansen and Cassandra Bujarski represent Gores Group.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
