Ocean Nutrition Canada
{{Short description|Nutritional supplements manufacturer}}
{{Infobox company
| name = Ocean Nutrition Canada
| logo =
| 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 = [http://www.ocean-nutrition.com/ 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.{{cite news|url=https://www.theglobeandmail.com/report-on-business/international-business/ocean-nutrition-thinks-local---on-a-global-scale/article4183660/|title=Ocean Nutrition thinks local - on a global scale|publisher=The Globe and Mail|first=Richard|last=Foot|date=2 November 2011|accessdate=26 February 2014}}
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.{{cite press release|publisher=DSM|date=18 May 2012|url=http://www.dsm.com/corporate/media/informationcenter-news/2012/05/11-12-dsm-to-acquire-ocean-nutrition-canada-to-expand-its-nutritional-lipids-growth-platform.html|title=DSM to acquire Ocean Nutrition Canada to expand its Nutritional Lipids growth platform|accessdate=26 February 2014}} The deal was completed in July.{{cite web|last=Cosgrove|first=Colleen|title=N.S. still has role in market after sale of Ocean Nutrition|url=http://thechronicleherald.ca/business/118819-ns-still-has-role-in-market-after-sale-of-ocean-nutrition|publisher=The Chronicle Herald|accessdate=28 June 2013}}
See also
References
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