Ocean Nutrition Canada sold to Dutch firm

Ocean Nutrition Canada (ONC), one of Atlantic Canada's largest homegrown R&D-intensive companies, has been sold to Royal DSM, Heerlen Netherlands for $540 million. Halifax-based ONC is a wholly owned subsidiary of Clearwater Fine Foods and the world's largest supplier of Omega-3 EPA/DHA ingredients to the dietary, supplement and food manufacturing industries. Founded in 1997, it is the largest privately owned marine R&D facility in North America with 14 PhDs and 30 researchers on its staff of 415 The purchase is DSM's fifth acquisition in the nutrition cluster in the past year. The firm employs 22,0