# TerraVerdae Bioworks to acquire PolyFerm Canada

TerraVerdae Bioworks has signed a binding letter of intent to acquire 100% of PolyFerm Canada, adding mcl-PHA technology for biodegradable bioplastics. The transaction is expected to close in Q2 2022.

- Type: Acquisition
- Announced: 2022-01-25
- Where: Canada
- Status: announced
- Products: biodegradable bioplastics, mcl-PHA polymers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TerraVerdae Bioworks](https://endata.com/companies/6429.md) (acquirer)
- [PolyFerm Canada](https://endata.com/companies/60578.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/01/25/2372458/0/en/TerraVerdae-Bioworks-to-acquire-PolyFerm-Canada.html), 2022-01-25: "We are excited about PolyFerm becoming part of our Company and look forward to closing this important transaction and sharing more details in the near term."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.