dsm-firmenich, innovators in nutrition, health, and beauty, today announces the sale of its MEG-3® fish oil business (“MEG-3 business”) to KD Pharma Group SA (“KD Pharma”), a contract development and manufacturing organization (CDMO) active in pharmaceutical and nutritional lipids. As part of the transaction, dsm-firmenich will obtain a minority stake of 29% in KD Pharma’s parent company O³ Holding GmbH.
Following its strategic portfolio review, as announced on June 3, dsm-firmenich decided to de-prioritize certain business segments, including the MEG-3 business. This will allow dsm-firmenich to focus its lipids activities on its unique algae-based Omega-3 portfolio, while continuing to offer MEG-3 fish oils for the Early Life Nutrition markets as well as MEG-3 powders.
The transaction includes dsm-firmenich’s MEG-3 business for the Food & Beverage, Dietary Supplement and Pharma markets, together with the production facilities in Piura, Peru and Mulgrave, Canada. The MEG-3 business represented approximately €170 million sales in 2023, with approximately 200 employees who will transfer to KD Pharma.
This transaction is expected to be completed towards the end of 2024, and is subject to customary regulatory approvals.
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