Ocean Nutrition Canada Explained

Ocean Nutrition Canada
Type:	Subsidiary
Foundation:	1997 in Bedford, Nova Scotia
Location:	Dartmouth, Nova Scotia, Canada
Key People:	Martin Jamieson CEO Jon Getzinger CSMO
Industry:	Food, Dietary Supplements
Num Employees:	3000 (2005)
Products:	Fish Oil Capsules Meg-3 Brand Microcapsules
Homepage:	www.ocean-nutrition.com

Ocean Nutrition Canada is a manufacturer of Omega-3 eicosapentaenoic acid (EPA) docosahexaenoic acid (DHA) nutritional supplements under the MEG-3 brand.

They are headquartered in Dartmouth, Nova Scotia, Canada.

Facilities

Ocean Nutrition Canada operates four facilities:

• A research and development facility as well as a microencapsulation plant in Dartmouth, Nova Scotia.
• An oil processing and refinement plant in Mulgrave, Nova Scotia.
• An oil processing and refinement plant in Piura, Peru.
• An oil processing and microencapsulation plant at Arcadia, Wisconsin.

The company specializes in the microencapsulation of fish oil, and markets this ingredient as Meg-3.

History

The company began in 1997 with four employees and has grown to over 300 employees worldwide.^[1]

On 18 May 2012, Royal DSM from The Netherlands announced that it has entered into a definitive agreement with Clearwater Seafoods and funds managed by Richardson Capital to acquire Ocean Nutrition Canada for a total enterprise value of CAD 540 million.^[2] The deal was completed in July.^[3]

See also

• Clearwater Seafoods

Notes and References

1. News: Ocean Nutrition thinks local - on a global scale. The Globe and Mail. Richard. Foot. 2 November 2011. 26 February 2014.
2. DSM. 18 May 2012. DSM to acquire Ocean Nutrition Canada to expand its Nutritional Lipids growth platform. 26 February 2014.
3. Web site: Cosgrove. Colleen. N.S. still has role in market after sale of Ocean Nutrition. The Chronicle Herald. 28 June 2013.