DARTMOUTH, Nova Scotia—Oxford Nutrascience has signed a five-year European exclusivity supply agreement with Ocean Nutrition Canada Limited, which will supply its MEG-3® branded Omega-3 ingredients for exclusive use across the European Union, in any of Oxford Nutrascience's confectionery chews. In addition, the two companies have agreed to open their respective customer bases to the sale of each other’s products.
According to the companies, this collaboration agreement will provide Oxford Nutrascience access to many of the largest food and supplement manufacturers who use ONC's MEG-3 ingredient in their products. Also, it will provide a significant marketing opportunity for Oxford Nutrascience to fully exploit its chew technology.
Oxford Nutrascience reported its soft chew technology uses soluble fiber to enable functional ingredients such as vitamins and minerals to be added without compromising taste, texture and stability. The technology also delivers confectionery that is high in fiber, yet reduced in sugar and fat.
"Having access to the customer base of the world's largest and foremost producer of Omega-3 shows the level of trust Ocean Nutrition Canada has in our chew technology,” said Nigel Theobald, CEO of Oxford Nutrascience Group Plc. “Being able to reach the major producers of Omega-3 products is a very significant marketing opportunity for Oxford Nutrascience.”
