Newspaper article The Canadian Press

Dutch Company Snares Nova Scotia-Based Omega-3 Producer for $540 Million: Dutch Firm Snaps Up Halifax Fish Oil Company

Newspaper article The Canadian Press

Dutch Company Snares Nova Scotia-Based Omega-3 Producer for $540 Million: Dutch Firm Snaps Up Halifax Fish Oil Company

Article excerpt

HALIFAX - A Dutch company specializing in sustainable dietary supplements has bought Ocean Nutrition Canada, a Nova Scotia-based manufacturer of fish oil.

Royal DSM said Friday that it acquired the Halifax company for $540 million and plans to expand its lipids growth platform.

Ocean Nutrition has become a global leader in the provision of Omega-3 fish oil ingredients to manufacturers of dietary supplements.

Martin Jamieson, president and chief executive of Ocean Nutrition, said the acquisition should lead to further growth for a company that started in 1997 and now has about 415 employees at production sites in Canada, the Unites States and Peru.

He said the company hasn't been able to grow at the rate it wants because of limited resources and infrastructure, but added that the sale to DSM will take its products around the globe.

"This combination with DSM will provide exactly that opportunity," he said.

"We're a fast-growth company and the power of their infrastructure with our leadership position in Omega-3, that combination is very significant. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.