On the Street: ONC Gets Gat
July 12/Dartmouth, N.S./Canada NewsWire -- Ocean Nutrition Canada (ONC) announced the acquisition of the exclusive global marketing and distribution rights to GAT Food Essentials (GAT) Omega-3 microencapsulation-emulsion technology.
As a result of the agreement, ONC acquired the rights to exclusive use of GAT's unique and patented "wowCAPS(R)" technology, in the Omega-3 space. In addition, ONC acquired all GAT's existing, global Omega-3 customer base, which includes customers in Australia, Europe, North America and South America. With this acquisition, ONC strengthens its position as the world's largest Omega-3 EPA/DHA solutions provider to the food, beverage and dietary supplement markets.
"We are very pleased to be bringing our technology and expertise to the Omega-3 market leader. We believe that ONC, because of its worldwide reach and best-in-class marketing, is the ideal partner to expand the adoption of this technology by the major food companies of the world as they develop and launch Omega-3 enriched products." said Miguel Gimeno, co-CEO of GAT Food Essentials.
"With GAT's microencapsulation-emulsion technology in the same portfolio as our patented Powder-loc microencapsulation technology platform and product line, our ability to meet customer requirements across a spectrum of food applications and food processing conditions is unmatched in the industry. ONC is committed to providing its customers a variety of solutions to meet all of their Omega-3 EPA/DHA needs regardless of the application." said Jon Getzinger, chief sales and marketing officer, ONC.
From the July 19, 2010, Prepared Foods E-dition