“Corbion Acquires TerraVia: A Strategic Move to Enhance Microalgae Product Offerings and Market Presence”
Earlier this year, TerraVia, which specializes in microalgae products, filed for Chapter 11 bankruptcy. In response, Corbion submitted a $20 million “stalking horse” bid, which is a minimum offer to acquire the company. The acquisition was finalized in late September, with Corbion offering cash and assuming TerraVia’s debts. This strategic purchase enhances Corbion’s position, as … Read more