Ocean Nutrition Canada acquires refining plant in Peru

Omega-3 leader announces purchase of facility from long-standing partner Alicorp S.A.

DARTMOUTH, NS, Feb. 13, 2012 /CNW/ - Ocean Nutrition Canada (ONC) the world's largest Omega-3 ingredient supplier, today announced its acquisition of a fish oil refining plant in Piura, Peru. With the purchase of the plant, ONC will now offer its customers a completely integrated supply chain, from primary processing through to finished ingredient.

"The acquisition of the Piura facility is a huge step forward for our company and through this, Ocean Nutrition is changing the competitive landscape of our industry," says Martin Jamieson, ONC President and CEO.  "We now have four processing facilities on two continents. As the global leader in a fast-growing industry, our goal is to stay three steps ahead of the competition. Customers will appreciate the many advantages our enhanced supply chain will provide them."

ONC's brand of MEG-3® fish oil ingredients sources the majority of its raw materials from the coastal upwelling region off Peru.  The Piura facility has been the primary refining facility for the organization for more than 4 years, through an exclusive partnership with Peruvian food company Alicorp S.A. ONC's other facilities include corporate headquarters and a microencapsulation plant in Dartmouth, Nova Scotia, an oil refining plant in Mulgrave, Nova Scotia and a microencapsulation plant in Arcadia, Wisconsin. The 108 employees at the Piura facility have joined the ONC team, bringing the company's total employees to more than 400.

"We're thrilled to welcome the Piura employees into the Ocean Nutrition family," says Jamieson. "Together, we're strengthening our global leadership position as we continue to evolve and grow our company."

About ONC: Ocean Nutrition Canada Limited (ONC), the world's largest Omega-3 EPA/DHA solutions provider, has a pioneering approach to wellness through innovation. Headquartered in Nova Scotia, Canada, ONC has the leading Research & Development platform in the industry and operates the largest privately-owned marine research and development facility in North America.

ONC provides its customers in the dietary supplement and food ingredient markets with a competitive advantage in the rapidly growing Omega-3 EPA/DHA market through their MEG-3® branded line of products created with ONC's proprietary technology. With an uncompromising commitment to quality, MEG-3® products meet or exceed global quality standards. To date, MEG-3® has been included in more than 100 billion servings of food and supplement products worldwide.

For more information about ONC, visit www.ocean-nutrition.com and for more information about the health benefits of MEG-3®, visit www.meg-3.com

SOURCE OCEAN NUTRITION CANADA LTD.

For further information:

Emily Kimber
Ocean Nutrition Canada Ltd.
Tel: 902-480-3245
Cell: 902-789-1846
ekimber@ocean-nutrition.com
www.ocean-nutrition.com

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OCEAN NUTRITION CANADA LTD.

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