HOUSTON, Sept. 12, 2011 /PRNewswire/ -- Omega Protein
Corporation (NYSE symbol: OME), a nutritional ingredient company
and the nation's leading producer of Omega-3 fish oil and specialty
fish meal products, today announced that it has acquired InCon
Processing, L.L.C., a Batavia,
Illinois based specialty toll processor that utilizes
molecular distillation technology to concentrate a variety of
compound products, including Omega-3 fish oils.
"The acquisition of InCon and its concentration technology
allows Omega Protein to increase the vertical integration of our
commercial fishery and human nutrition distribution channels by
filling a vital piece of that value chain," said Joe von Rosenberg, Omega Protein's Chairman of
the Board, President and Chief Executive Officer. "InCon
enables us to provide our customers with an enhanced range of
Omega-3 fish oils in concentrated forms such as ethyl esters and
triglycerides that we have not been able to offer before. We
look forward to working with the management team at InCon to
further expand Omega Protein's human nutritional products
business."
The concentrated fish oils manufactured by InCon will be
marketed and sold under the Company's OmegaActiv™ brand by Cyvex
Nutrition, a subsidiary of Omega Protein.
Hugh Palmer, an InCon founder,
has been named President and Chief Executive Officer of InCon.
All InCon management will remain in place.
About InCon
InCon is a recognized leader in the design, piloting, synthesis and
purification of specialty compounds. Its areas of expertise are
molecular distillation and the production of nutritional and other
synthetic compounds. Additional information is available at
www.incontech.com
About Omega Protein
Omega Protein Corporation is the nation's largest manufacturer
of heart-healthy fish oils containing Omega-3 fatty acids for human
consumption, as well as specialty fish meals and fish oil used as
value-added ingredients in aquaculture, swine and other livestock
feeds. Omega Protein makes its products from menhaden, an Omega-3
rich fish which is abundantly available along the U.S. Gulf of Mexico and Atlantic Coasts.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: The
statements contained in this press release that are not historical
facts are forward-looking statements that involve a number of risks
and uncertainties. The actual results of future events
described in any of these forward-looking statements could differ
materially from those stated in the forward-looking statements.
Important factors that could cause actual results to be
materially different from those forward-looking statements include,
among others: (1) the business, operations, potential or prospects
for InCon, the dietary supplement market or the human health and
wellness segment generally; (2) InCon's growth potential or its
ability to serve as a catalyst for sales of the Company's refined
fish oils; (3) the impact of worldwide supply and demand
relationships on prices for the Company's products; (4) Omega
Protein's expectations regarding InCon proving to be incorrect; and
(5) the impact of the uncertain economic conditions, both in
the United States and globally.
These and other factors are described in further detail in
Omega's filings with the Securities and Exchange Commission,
including its reports on Form 10-K, Form10-Q and Form 8-K.
SOURCE Omega Protein Corporation