DSM hooks Canadian fish oil firm
DSM has revealed a deal to acquire Ocean Nutrition Canada for a total enterprise value of £336 million (€415m).
Ocean Nutrition Canada is a supplier of fish-oil derived omega-3 fatty acids (EPA and DHA) to the dietary supplement and food and beverage markets. The company – founded in 1997 – is headquartered in Halifax, Nova Scotia, and has just over 400 employees.
DSM says the acquisition will allow it to strengthen and complement its newly established, global nutritional lipids growth platform, and strengthen its position in the North American dietary supplement market by adding fish oil derived omega-3 fatty acids to its portfolio.
“After our successful acquisition of Martek in 2011, the acquisition of Ocean Nutrition Canada is the logical next step in developing our Nutritional Lipids into a major growth platform for our Nutrition cluster,” says Feike Sijbesma, CEO and chairman of the DSM managing board. “Our science-based knowledge and expertise in nutritional ingredients will help to further grow Ocean Nutrition Canada’s business as part of DSM. This acquisition fully fits DSM’s strategy as we continue to create value for all stakeholders by providing innovative, sustainable solutions to the world’s greatest challenges.”
