Royal DSM, the global Life Sciences and Materials Sciences company has entered into a definitive agreement with Clearwater Fine Foods and funds managed by Richardson Capital to acquire Ocean Nutrition Canada for a total enterprise value of CAD540m.
Subject to customary conditions, the transaction is expected to close in H2 2012.
Ocean Nutrition Canada is a Canada-based supplier of fish-oil derived Omega-3 fatty acids (EPA and DHA) to the dietary supplement and food and beverage markets.
The company is headquartered in Halifax (Nova Scotia, Canada) with approximately 415 employees.
Ocean Nutrition Canada, founded in 1997, has production sites in Canada, the US and Peru. Every day over 21 million servings of its MEG-3 product line are consumed in supplements and foods and beverages across the world.