As of April 21, 2015, Cardia Bioplastics Limited was acquired by SECOS Group Limited, in a reverse merger transaction. Cardia Bioplastics Limited develops, manufactures, and sells resins derived from renewable resources in Australia, Asia, the Americas, and internationally. It offers Cardia Biohybrid resins, which are a blend of renewable thermoplastic materials and traditional polyolefins; and compostable resins, which are biodegradable materials that enable clients to offer their customers compostable packaging and plastic products. The company also offers a range of off the shelf biodegradable and compostable bags under the Cardia Compostable and Cardia Biohybrid brand names directly. Its products are used in injection molding, blow molding, extrusion, film, and coating applications. Cardia Bioplastics Limited also sells its products through distributors. The company was formerly known as Cardia Technologies Limited and changed its name to Cardia Bioplastics Limited in July 2009. Cardia Bioplastics Limited was founded in 2002 and is headquartered in Mulgrave, Australia.