Germany's BASF acquires omega-3 fatty acids maker Equateq

09 May 2012 09:30  [Source: ICIS news]

SINGAPORE (ICIS)--BASF has acquired Equateq, a producer of highly concentrated omega-3 fatty acids, for an undisclosed fee, the German chemicals major said on Wednesday.

Equateq has a production site located on the Isle of Lewis in Scotland and has 47 employees, BASF said in a statement. Further details on the site were not immediately available.

The firm will be integrated into BASF’s pharmaceutical ingredients and services unit that is part of the its nutrition and health division, the statement said.

The integration is expected to be completed by the end of this year, BASF said.

“BASF believes that highly concentrated omega-3 fatty acids are a global growing market,” the company said.

“Increasing consumer awareness of the health benefits of omega-3 [will be] fuelling double-digit growth for omega-3 products in the years to come,” it added.

By: Nurluqman Suratman

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