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Business
BASF Spends More On Omega-3 Acids
by Michael McCoy
December 17, 2012
| A version of this story appeared in
Volume 90, Issue 51
BASF is putting close to $30 million into a fish oil extract company that it acquired in Scotland earlier this year. The firm, Equateq, makes highly concentrated omega-3 fatty acids for the pharmaceutical and dietary supplement industries. Employment has increased 22% to 52 since the acquisition, the companies say, and 90 more jobs could be added through future expansion. Last month BASF agreed to purchase Pronova BioPharma, a Norwegian producer of omega-3 fatty acids from fish oil, for $850 million.
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