Omega Protein Buys Cyvex
December 19/Karachi, Pakistan/Daily the Pak Banker -- Omega Protein Corporation announced that it has acquired Cyvex Nutrition Inc., a dietary supplement supplier based in Irvine, California.
Matthew Phillips, Cyvex's president and chief operating officer, will continue with Cyvex as its new chief executive officer. Gilbert Gluck, founder and formerly owner of Cyvex, will continue to assist Cyvex as a consultant.
"The acquisition of Cyvex provides Omega Protein with a strong line of non-marine based products and a stronger Omega-3 distribution network for OmegaPure(R), our proprietary refined menhaden fish oil," said Joe von Rosenberg, Omega Protein's chairman of the board, president and chief executive officer. "Cyvex provides us with an immediate presence in the human health and wellness segment, and we now will have access to the top supplement retailers who purchase a variety of ingredients, including fish oil."
Von Rosenberg added, "We believe that Cyvex has significant growth potential, both organically and as a catalyst for sales of our fish oil to the dietary supplement and functional food markets. We look forward to working with Matt and his team at Cyvex to expand this important platform and continue to diversify Omega Protein further beyond commercial fishing."
From the January 10, 2011, Prepared Foods E-dition