The transaction expands KD Pharma Group‘s lipids CDMO business and includes the MEG-3® fish oil omega-3 product portfolio and two associated production sites.
The KD Pharma Group, a leading CDMO in pharmaceutical and nutritional lipids, and dsm-firmenich, innovators in nutrition, health, and beauty, announce today the sale of dsm-firmenich’s Marine Lipids business to the KD Pharma Group in exchange for a minority stake in the enlarged KD company.
The transaction will happen in the course of 2024 and includes dsm-firmenich’s Marine Lipids fish oil Omega-3 business for the Food & Beverage, Dietary Supplement and Pharma markets, together with the MEG-3® brand and production facilities in Piura, Peru and Mulgrave, Canada.
This transaction will create a well-equipped market player in Marine Lipids by combining the best of the two companies and respective expertise, with the scale of dsm-firmenich’s Piura and Mulgrave sites and the high concentration capability of the KD Pharma Group company.
The enlarged KD Pharma Group company will benefit from the expansion into a significantly wider range of products and customization opportunities supported by broadened manufacturing capacity. dsm-firmenich will continue to offer MEG-3® fish oils for the Early Life Nutrition markets as well as MEG-3® powders.
Oscar Groet, CEO of the KD Pharma Group said, “We are thrilled to welcome dsm-firmenich’s Marine Lipids portfolio into the KD Pharma Group, a move that aligns perfectly with our strategic vision of being technology leaders in lipids and enhancing our ability to innovate and deliver exceptional value to our customers.”
This transaction is expected to be completed towards the end of 2024, and is subject to customary regulatory approvals.
