TerraVia Holdings, Inc. (Publico:NASDAQ:SZYM), formerly Solazyme, Inc., is engaged in creating food, nutrition and specialty ingredients from algae. The Company operates through two segments, which include Algenist, and Ingredients and Other. The Company's platform uses microalgae to produce triglyceride oils, proteins, fibers, micronutrients and other ingredients. The Ingredients and Other segment includes the sale of its Encapso product and oils. The Company develops and commercializes products for specialty food and nutrition ingredients, animal nutrition ingredients and specialty personal care ingredients. The Company offers Algenist branded skin and personal care products. Its primary products are oils and fats; powdered ingredients, including proteins, lipids, fibers and micronutrients, and other bioproducts. The Company offers AlgaVia Microalgae Food Ingredients and AlgaPur algae oils. The Company offers a range of food oils, including AlgaWise High Stability, AlgaWise Ultra Omega-9 and Thrive.
Monday, August 07, 2017 - Algae innovation firm TerraVia Holdings, Inc. has entered into a stock and asset purchase agreement with a Netherlands-based global leader Corbion N.V.
The purchase agreement provides TerraVia with a binding bid of USD 20 million in cash along with the assumption of certain liabilities, which is subject to higher or otherwise better offers.