IIn September 2017, all assets of Terra Via were acquired in an all cash deal by by Corbion - in the business of lactic acid, lactic acid derivatives, and lactides. In August 2017 Terra Via management - fiormerly doing business as Solazyme, Inc. - had published an anouncement that the firm had entered into agreement for the sale of substantially all Its assets subject to competitive bidding process. The firm also filed for Voluntary Chapter 11 Petitions to Facilitate Sale Process with a Commitment for DIP Financing to Support Ongoing Operations. TerraVia is/had been a plant-based food, nutrition and specialty ingredients company that harnesses the power of algae - descrribes as the mother of all plants and earth's original superfood. With a portfolio of breakthrough ingredients and manufacturing, TerraVia is well positioned to help meet the growing need of consumer packaged goods and established and emerging food manufacturers to improve the nutritional profile of foods without sacrificing taste, and to develop select consumer brands. TerraVia also manufactures a range of specialty personal care ingredients for key strategic partners. Headquartered in South San Francisco, TerraVia's mission is to create products that are truly better for people and better for the planet.
