The Dartmouth-based manufacturer of nutritional supplements was taken over by German pharma company Dr. Willmar Schwabe Pharmaceuticals‘ American subsidiary by the name of Nature’s Way Products Inc.
The company that has been producing the NutraSea brand of omega-3 based fatty acid products had been operating for 12 years.
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According to Marc St-Onge, CEO and founder of Ascenta, talks of a distribution partnership in the United States evolved into a sales agreement that was announced on Tuesday, May 19.
Ascenta Health will now be part of Nature’s Way, which is based in Lehi, Utah. The German affiliate of Dr. Willmar Schwabe Pharmaceuticals is looking to benefit from the omega-3 production capabilities of Ascenta to permeate into the U.S. fish-oil market.
With two warehouse facilities already functioning in Canada, Nature’s Way hopes to make its impact with the help of the position Ascenta already holds in the supplements market in Canada.
