Omega Protein Acquires Cyvex Nutrition
Matthew Phillips, Cyvex's President and Chief Operating Officer, will continue with Cyvex as its new Chief Executive Officer. Gilbert Gluck, founder and former owner of Cyvex, will continue to work with the ingredient supplier as a consultant.
12/17/2010 --- Cyvex Nutrition announced that it has been acquired by Omega Protein Corporation the US’s leading producer of omega-3 fish oil and specialty fishmeal.
Matthew Phillips, Cyvex's President and Chief Operating Officer, will continue with Cyvex as its new Chief Executive Officer. Gilbert Gluck, founder and former owner of Cyvex, will continue to work with the ingredient supplier as a consultant.
"I have spent the last 26 years building Cyvex into the industry's leading provider of proprietary, condition-specific ingredients. Now, I would like to spend more time pursuing other interests," stated Gluck. "Being acquired by Omega Protein Corporation will allow Cyvex the opportunity to grow its KriaXanthin marine oil business within the fish oil market, as well as provide me with a new set of opportunities."
"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, 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."
Cyvex Nutrition, headquartered in Irvine, Calif., is a leading provider of proprietary, condition-specific ingredients to the nutraceutical industry for more than 25 years. The company has re- engineered the antioxidant category with its extensive portfolio of offerings that includes BioVin, BioVin Advanced, Cognisetin and Alfapro Agglomerated to name a few.
