It was recently decided that the Omega-3 lipids corporation previously formed by Trygg Pharma and former EPAX AS will be named EPAX AS. Former EPAX AS will become Epax Norway AS, a fully owned subsidiary and the key operating company of the Epax group. The new CEO is Mr Terje Bakken, former SVP Head of Supply and Trade Yara ASA, and member of Yara’s executive team since 2004. Mr Bakken has been heading the new EPAX Group since July of this year.
The EPAX AS business has its headquarters in Oslo, Norway. In addition to the existing Omega-3 facility in Ålesund, Norway there is now a resource centre in Hovdebygda, Norway, and a recently acquired manufacturing plant in Seals Sands, UK. The competence and technologies at the Hovdebygda unit will enable EPAX AS to strengthen the level of innovation for new products as special formulas.
The new plants form an additional expansion for EPAX that will be doubling the production capacity in the Ålesund plant by the end of 2011. This means increased opportunities to serve a bigger customer mass and new markets and products.
EPAX was acquired in the end of 2010 by Trygg Pharma, which is a joint venture between biotechnology company AkerBiomarine and Manhattan-based investment firm Lindsay Goldberg.
The condition-specific EPA/DHA blends manufactured by Epax Norway AS will continue to be marketed to the B2B dietary supplement industry under the name Epax.
“This reorganization and expansion means increased capability to serve a larger customer base and new markets, and allows us to pursue other business opportunities and products,” said Thomas Gulbrandsen, Director of Sales and Marketing Epax AS. “With the new corporate structure in place, our main areas of focus are still the processing and sales of concentrated, marine-based Omega-3 ingredients to the global dietary supplement industry. It will be business as usual and Epax AS is still committed to providing the dietary supplement industry with the same high quality fish oil they have come to know and trust,” added Gulbrandsen.
Epax Norway AS will exhibit at SupplySide West at the Exhibit Hall of the Venetian and Sands Expo, Las Vegas, from October 12-13. Company spokespeople Baldur Hjaltason and Gunilla Traberg will be available at booth #20050 to talk about the restructuring, as well as the company’s new sports nutrition indication for the Epax 4020 formula. Newly appointed CEO, Terje Bakken, will also be in attendance.
About Epax Norway AS:
Epax Norway AS offers concentrated marine EPA/DHA omega-3 oils in the nutraceutical business-to-business segment under the brand name Epax®. The products are available in a wide range of top-quality formulas with different EPA/DHA ratios and concentrations that are focused on specific health conditions and available in TG and EE versions The Epax AS group is headquartered in Oslo Norway. Its principle production facility for nutraceutical ingredients, EPAX Norway AS, Ålesund, Norway is GMP-certified and is certified for the manufacturing of Active Pharmaceutical Ingredients (API) by the Norwegian Medicines Agency. The company is HACCP approved by the Norwegian Food Safety Authorities. Epax offers the most clinically documented omega-3 ingredients available with more than 100 published studies. Integrated quality control and assurance throughout the entire supply chain ensures traceable, safe and reliable products. The company is certified by Friend of the Sea (FOS) to have a documented sustainable and traceable operation – from the fish harvesting in Peru to its finished omega-3 ingredients in Norway. Epax Norway AS is a fully owned subsidiary and key operating company of the EPAX AS group. For more information on Epax Norway AS, its products or clinical studies, visit www.epax.com or contact Head of Marketing Gunilla Traberg at [email protected].
About SupplySide West:
The SupplySide West trade show is dedicated to bringing together manufacturers and suppliers in the dietary supplement, food, pharmaceutical and cosmetic industries. The event provides a unique opportunity for an executive-level exchange of ideas, goods and services not available through any other business-to-business event. SupplySide West offers three days of informative seminars and exhibitions tailored to the specific needs of supply chain executives. For more information visit www.supplysideshow.com.
For more information about Epax Norway AS at SupplySide West, visit Epax at booth #20050.