M&A Deal Summary

DSM-Firmenich Acquires Ocean Nutrition Canada

On July 18, 2012, DSM-Firmenich acquired food company Ocean Nutrition Canada from Richardson Capital for 540M CAD

Acquisition Highlights
  • This is DSM-Firmenich’s 4th transaction in the Food sector.
  • This is DSM-Firmenich’s 8th largest (disclosed) transaction.
  • This is DSM-Firmenich’s 1st transaction in Canada.
  • This is DSM-Firmenich’s 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2012-07-18
Target Ocean Nutrition Canada
Sector Food
Buyer(s) DSM-Firmenich
Sellers(s) Richardson Capital
Deal Type Add-on Acquisition
Deal Value 540M CAD

Target

Ocean Nutrition Canada

Dartmouth, Nova Scotia, Canada
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.

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Buyer(S) 1

Buyer

DSM-Firmenich

Kaiseraugst, Switzerland

Category Company
Founded 1902
Sector Chemicals
Employees27,926
Revenue 10.6B EUR (2023)
DESCRIPTION

DSM-Firmenich specializes in development, manufacture and marketing of performance materials, nutritional and pharmaceutical ingredients and industrial chemicals. The products are used in a wide range of end-markets and applications, such as human and animal nutrition and health, personal care, pharmaceuticals, automotive and transport, coatings and paint, housing and electrics & electronics. DSM-Firmenich founded in 1902 and is based in Kaiseraugst, Switzerland.


DEAL STATS #
Overall 14 of 28
Sector (Food) 4 of 7
Type (Add-on Acquisition) 12 of 19
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2012) 3 of 6
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 Kensey Nash

Exton, Pennsylvania, United States

Kensey Nash is a US based, technology-driven biomedical company, primarily focused on regenerative medicine utilizing its proprietary collagen and synthetic polymer technology. It manufactures and sells medical device parts in cardiology, orthopedic, sports medicine, spinal and general surgery.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 Tortuga Companhia Zootécnica Agrária SA

Sao Paulo, Brazil

Tortuga Companhia Zootécnica Agrária SA is engaged in the nutritional supplements for ruminant/beef cattle market in Brazil.

Buy €465M

Seller(S) 1

SELLER

Richardson Capital

Winnipeg, Manitoba, Canada

Category Private Equity Firm
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Richardson Capital is the private equity division of the Richardson Financial Group. Richardson primarily seeks investment situations requiring expansion capital to fund growth initiatives, or transition capital needs where family-owners or entrepreneurs are looking to exit. The Firm's target investment size is C$10 to C$75 million. Richardson will consider opportunities in the US, but has a preference for Canadian companies. Richardson does not have any industry preferences. Richardson does not invest in real estate or start-ups. Richardson is based in Winnipeg with additional offices in Montreal and Toronto.


DEAL STATS #
Overall 7 of 8
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Nova Scotia) 1 of 1
Country (Canada) 7 of 8
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Poraver North America

Innisfil, Ontario, Canada

Poraver North America Ltd. is a producer of Poraver®, a patented porous glass sphere, used as a lightweight aggregate primarily in building products, as well as a variety of other products through various industries. PNA has exclusive North American rights to manufacture Poraver® and supply North American building products companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Mechtronix Systems

St. Laurent, Quebec, Canada

Mechtronix Systems Inc. is a designer, manufacturer and seller a full range of pilot training equipment including full flight simulators, full flight trainers and flight training devices for the commercial aviation industry. Through innovative design and engineering Mechtronix has developed, built and certified training devices that meet the most stringent global standards for fidelity of simulation while delivering a step change in capital and operating costs. Mechtronix also actively provides services for both commercial and general aviation including support for customers to set-up their own tailor-made training solution at home.

Sell -