Marine Ingredients acquires softgel production facility
Employees currently working in Miami will transfer to Innova Softgel, a newly formed subsidiary of Marine Ingredients.
Aenova Group has signed a definitive agreement to sell Swiss Caps USA’s softgel manufacturing facility in Miami, FL, to Marine Ingredients, a leading omega-3 manufacturer. As part of the agreement, the employees currently working in Miami will transfer from Swiss Caps USA to Innova Softgel, LLC, a newly formed subsidiary of Marine Ingredients. Both parties agreed not to disclose financial details of the transaction, which is expected to be closed by the end of December.
"The Swiss Caps acquisition is very attractive to us for a number of reasons. First and foremost, is the talented Swiss Caps team of seasoned professionals who take pride in producing high quality products for a broad spectrum of US and international customers — servicing these customers will remain their focus. Additionally, Marine Ingredients will gain the last piece in our quest to be fully vertically-integrated, improving the traceability and transparency of the entire supply chain for customers. Finally, because of Swiss Caps' various certifications and licenses, including OTC, TGA, NSF, Halal and MSC, we will be better able to serve the market as global business opportunities are pursued,” said Olav Sandnes, President of Marine Ingredients.
“We are extremely pleased to find a strong organization such as Marine Ingredients to carry on the future success of the Miami site,” stated Marcus Boening, CFO, Aenova Group.
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