Ocean Nutrition Canada

Last updated
Ocean Nutrition Canada
Subsidiary
Industry Food, Dietary Supplements
Founded 1997 in Bedford, Nova Scotia
Headquarters Dartmouth, Nova Scotia, Canada
Key people
 Martin Jamieson CEO
Jon Getzinger CSMO]]
Products Fish Oil Capsules
Meg-3 Brand Microcapsules
Number of employees
 3000 (2005)
Website 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.

Eicosapentaenoic acid chemical compound

Eicosapentaenoic acid is an omega-3 fatty acid. In physiological literature, it is given the name 20:5(n-3). It also has the trivial name timnodonic acid. In chemical structure, EPA is a carboxylic acid with a 20-carbon chain and five cis double bonds; the first double bond is located at the third carbon from the omega end.

Docosahexaenoic acid chemical compound

Docosahexaenoic acid (DHA) is an omega-3 fatty acid that is a primary structural component of the human brain, cerebral cortex, skin, and retina. In physiological literature, it is given the name 22:6(n-3). It can be synthesized from alpha-linolenic acid or obtained directly from maternal milk, fish oil, or algae oil.

Contents

They are headquartered in Dartmouth, Nova Scotia, Canada.

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Canada's southern border with the United States, stretching some 8,891 kilometres (5,525 mi), is the world's longest bi-national land border. Its capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. As a whole, Canada is sparsely populated, the majority of its land area being dominated by forest and tundra. Consequently, its population is highly urbanized, with over 80 percent of its inhabitants concentrated in large and medium-sized cities, with 70% of citizens residing within 100 kilometres (62 mi) of the southern border. Canada's climate varies widely across its vast area, ranging from arctic weather in the north, to hot summers in the southern regions, with four distinct seasons.

Facilities

Ocean Nutrition Canada operates four facilities:

Dartmouth, Nova Scotia Community in Nova Scotia, Canada

Dartmouth is a former city and community located in the Halifax Regional Municipality of Nova Scotia, Canada. Dartmouth is located on the eastern shore of Halifax Harbour. Dartmouth has been nicknamed the City of Lakes, after the large number of lakes located within its boundaries.

Mulgrave, Nova Scotia Town in Nova Scotia, Canada

Mulgrave is a town on the Strait of Canso in Guysborough County, Nova Scotia, Canada. The town's current name was adopted in 1859 to honour the colonial Lieutenant Governor, the Earl of Mulgrave. The town of Mulgrave lies on the Strait of Canso opposite the town of Port Hawkesbury.

Piura Place in Peru

Piura is a city in northwestern Peru located in the Sechura Desert on the Piura River. It is the capital of the Piura Region and the Piura Province. Its population is 484,475 as of 2017.

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. [1]

On 18 May 2012, Royal DSM from The Netherlands announced that it 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 CAD 540 million. [2] The deal was completed in July. [3]

DSM (company) company

Koninklijke DSM N.V., is a Dutch multinational active in the fields of health, nutrition and materials. Headquartered in Heerlen, at the end of 2017 DSM employed 21,054 people in around 50 countries and posted net sales of €8.632 billion.

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The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational bank. It is the third largest bank in Canada by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 88,000 employees and assets of $998 billion, Scotiabank trades on the Toronto and New York Exchanges.

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References

  1. ↑ Foot, Richard (2 November 2011). "Ocean Nutrition thinks local - on a global scale". The Globe and Mail. Retrieved 26 February 2014.
  2. ↑ "DSM to acquire Ocean Nutrition Canada to expand its Nutritional Lipids growth platform" (Press release). DSM. 18 May 2012. Retrieved 26 February 2014.
  3. ↑ Cosgrove, Colleen. "N.S. still has role in market after sale of Ocean Nutrition". The Chronicle Herald. Retrieved 28 June 2013.
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