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DSM to Acquire Ocean Nutrition

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By: Sean Moloughney

Editor, Nutraceuticals World

Netherlands-based DSM has entered an agreement to acquire Ocean Nutrition Canada, Halifax, Nova Scotia, Canada, from Clearwater Fine Foods for approximately $531 million. Ocean Nutrition is a manufacturer of fish-oil derived omega 3 fatty acids for dietary supplements, and has forecast 2012 net sales at about $190 million (Canadian dollars). DSM said it expects this deal to be complementary to its 2011 acquisition of Martek, thereby strengthening its newly established global nutritional lipids growth platform. The transaction is expected to close in the second half of 2012 and marks DSM’s fifth acquisition in the nutrition cluster since September 2010. 
 

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