BASF selling its omega-3 manufacturing facility in Brattvag, Norway

BASF to sell omega-3 manufacturing facility in Brattvag, Norway

6:30 AM, 22nd November 2014
BASF selling  its omega-3 manufacturing facility in Brattvag, Norway

LUDWIGSHAFEN, GERMANY/MOUNT BETHEL, US: BASF has signed a definitive agreement to sell its manufacturing facility for natural fish oils, medium-concentrated omega-3s, and customized bottled fish oil in Brattvag, Norway, to Marine Ingredients, a leading manufacturer of quality marine-based ingredients and customized products. Both parties agreed not to disclose financial details of the transaction, which is expected to be closed in first quarter of 2015.

As part of the agreement, the 47 employees currently working in Brattvag will transfer from BASF to Marine Ingredients. With the acquisition, Marine Ingredients will gain control of omega-3 production, which is central to its business, thus expanding its ability to serve customers with tailor-made omega-3 products.

 

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