Halifax, N.S. – Netherlands-based ingredient supplier Royal DSM has reached an agreement with Clearwater Fine Foods and funds managed by Richardson Capital to acquire Halifax-based Ocean Nutrition Canada for $540 million.
Ocean Nutrition is the world’s largest supplier of omega-3 fatty acids (EPA and DHA) derived from fish oil for the food and beverage industry and dietary supplements market. Net sales for the company in 2012 are expected to reach approximately $190 million.
The acquisition will allow DSM to extend its portfolio of omega-3 fatty acids for use in different market segments and applications. It will also strengthen and complement DSM’s newly established global Nutritional Lipids growth platform.