Tengram to acquire Algenist, announces partnership with TerraVia
August 05, 2016
Tengram Capital Partners has agreed to acquire the Algenist skincare brand from TerraVia (NASDAQ: TVIA), a food, nutrition and specialty ingredients company. As part of the transaction, Tengram and TerraVia have formed a partnership to combine TerraVia’s algae-based ingredient platform with Tengram’s brand-building and investment experience. The transaction is expected to close by the end of 3Q.