“Corbion Acquires TerraVia: A Strategic Move to Enhance Microalgae Portfolio and Capitalize on Growing Market Demand”
Earlier this year, when TerraVia initiated Chapter 11 bankruptcy proceedings, Corbion made a $20 million “stalking horse” bid—essentially setting a low baseline for offers—to acquire the company. This acquisition was finalized in late September, involving Corbion’s cash offer along with the assumption of TerraVia’s debts. This strategic move is advantageous for Corbion, a supplier of … Read more