Seems like the current investors ran out of capital according to current/former employees. Might be an opportunity for a PE fund to swoop in, but I suspect it's going to be a tough play unless they already have some smaller paint companies.
Maybe someone like PPG can pick it up for a discount?
Yeah, I think less self-driving labs and more a chemist typing into their laboratory information management system the prompt of, "give me a 3 page report on all of our internal work on XYZ Chemistry for ABC applications and include any relevant references from our library."
I heard through the grapevine that last week paint company Kelly Moore fired/furloughed/let go 700 people, including the entire R&D department. This seems like a target for PI too buy and turn around. https://www.dallasnews.com/business/local-companies/2024/01/08/california-transplant-kelly-moore-lays-off-700-halts-d-fw-paint-plant-operations/
Seems like the current investors ran out of capital according to current/former employees. Might be an opportunity for a PE fund to swoop in, but I suspect it's going to be a tough play unless they already have some smaller paint companies.
Maybe someone like PPG can pick it up for a discount?
The Self-driving labs hype will continue to grow and establish itself as an alternative paradigm to current classic RnD workflows.
Yeah, I think less self-driving labs and more a chemist typing into their laboratory information management system the prompt of, "give me a 3 page report on all of our internal work on XYZ Chemistry for ABC applications and include any relevant references from our library."