DSM finalizes Ocean Nutrition Canada acquisition

by Jeff Gelski
Share This:

HEERLEN, THE NETHERLANDS – Royal DSM has completed its acquisition of Ocean Nutrition Canada, a Dartmouth, N.S.-based global provider of fish-oil-derived nutritional products to the dietary supplement and food and beverage markets, DSDM said July 19. The acquisition, first announced on May 18, was for a total enterprise value of C$540 million. DSM expects it to be earnings-per-share accretive from 2013 onwards.

Ocean Nutrition Canada is a provider of docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), two forms of omega-3 fatty acids derived from fish, through the company’s Meg-3 product line.

“Having completed the acquisition in a time frame of only two months, we are very pleased to welcome all employees of Ocean Nutrition Canada to DSM today, and I look forward to developing this exciting opportunity together,” said Leendert Staal, president and chief executive officer of DSM Nutritional Products. “Our attention is now fully focused on ensuring a smooth integration of the business in a timely and efficient manner.”

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.