Denomega to be transferred to Axellus

Axellus, Orkla Brands, is taking over Denomega from Borregaard, thereby strengthening its investment in marine oils.

 

Under the takeover agreement, Denomega Pure Health, will become a separate division of Axellus. The changes will take effect in February 2012.

“In the process of restructuring Borregaard to enable a possible sale or IPO, it has earlier been announced that Denomega would not be included in the sale/IPO. We have now found a solution with Axellus which means that Denomega has become part of an environment and group that already has omega-3 oils and supplements. We believe that this is a good solution for Denomega providing a foundation for future growth for both parties,” says CEO of Borregaard, Per A. Sørlie.

“This acquisition will strengthen our Norwegian supply chain. By consolidating omega-3 expertise, we will generate exciting opportunities for innovation, both within our own omega-3 brands and for our international customers,” says Stig Ebert Nilssen, Axellus CEO.

Axellus possesses solid expertise in consumer insight and the production, marketing and sale of dietary supplements to the international consumer market. This will contribute to greater value for Denomega’s customers.

The Axellus Group is the Nordic region’s leading supplier and marketer of a broad range of dietary supplements and health products. The Nordic countries, the Baltics, the Czech Republic and Poland are the company’s home markets, but Axellus is also widely represented in many European countries. The company’s best known brands are Möller’s, Gerimax, Pikasol, Nutrilett and Maxim. Axellus’ products are primarily sold through grocery retailers, health food stores and pharmacies. In 2010, the company had total sales of NOK 1,209 million and 419 employees. Axellus is part of Orkla Brands.

Denomega is a leading international supplier of odour and taste-free omega-3 oils manufactured from sustainable Norwegian and North Atlantic marine raw materials. The company primarily serves customers in the dietary supplement, nutrition and health segments.

Associated companies:


Related news

Latest news

USCG confirms OPtimarin in Line for Ballast Water Approval

The United States Coast Guard (USCG) has confirmed that Norwegian ballast water treatment specialist Optimarin has become the first supplier to submit an application for type approval.

New order for Servogear

Servogear announces that they have received a new order from Brødrene Aa. 

Norwater AS reports boost in sales

The Norwater team reports of great interest and busy days in 2016. In a press release, they state that as of the first 8 months of the year, 2016 sales are already beyond target for the year as a whole.

Gaia-facts reaching ground control

The European Space Agency (ESA) has released the first data from the Gaia mission, which has the tremendous task of building the most precise 3D map of the Milky Way.

Polish delegation for Norwegian circular waste management

Against the background of the EU's ambitious waste management targets, Norwegian and Polish stakeholders met on Wednesday 14 September in Drammen.

Milestone at Mongstad Water Treatment Plant

SAR AS reports that an extensive upgrade to the water treatment plant at Mongstad reached a new milestone July. 

Servogear signs new contract with Özata Shipyard

Servogear has announced the signing of a new contract with Özata Shipyard in Turkey. The contract includes the delivery of Servogear Ecoflow PropulsorTMfor two 39 meter passenger catamarans (YN 41 & YN 42).

Statoil and Petrobras strengthen strategic partnership

Statoil reports that they have strengthened their cooperation in Brazil by signing a Memorandum of Understanding (MoU) with Petrobras.

TechInvent and Island Offshore/Centrica announced winners of ONS Innovation Award

TechInvent and Island Offshore/Centrica were announced winners of the ONS 2016 Innovation Awards, at the Innovation Awards Ceremony Tuesday 30 August.