Impressive Metrics in ONC Deal
The $540 million exit of Dartmouth-based Ocean Nutrition has taught us three things: Ocean Nutrition is a really good company; Atlantic Canada has a good ecosystem for young companies; and the knowledge economy in the region has matured in just two years.
ONC announced Friday that its owners, Clearwater Fine Foods and Winnipeg’s Richardson Capital, have sold the maker of fish-oil derived Omega-3 fatty acids to Royal DSM, a Dutch conglomerate involved in health, nutrition and materials. The fact that DSM has annual sales of about C$12 billion means that its massive sales force should be