ArcticSource1 Expands Within Marine Ingredients
October 23, 2013
ArcticSource1, a specialty distributor for marine ingredients, has entered into an agreement to acquire Norwegian Chitosan, a division of VA-Support. The agreement includes all marine ingredient customers and existing products and will be effective January 1, 2014.
“Norwegian Chitosan was suddenly in play and we acted on the opportunity to solidify our position within marine ingredients”, says Jan Haakonsen, sales and marketing director of ArcticSource1. “We look forward to get to know the existing chitosan customers and bring the products into new segments of the market”, he adds.
“Norwegian Chitosan is a great little company, but does not fit into our strategic future”, says VA-Support owner Tor Kristian Håkonsen. He continues, “It was important for us to find an owner that would take good care of our existing customers while positioned to grow the business into new markets and ArcticSource1 represents a perfect match”.
Chitosan is commonly used as a cosmetic ingredient, weight management supplement and as a preservative in the food and supplement industry.
Norwegian Chitosan was founded 2005 with the ambition of establishing the first large scale production of chitosan and related products in Norway. Due to changing local regulatory environment, ambitions were scaled back and the company was merged with VA-Support in 2011. The company is today focused on serving local non-supplement companies and counties in Norway.
ArcticSource1 LLC was established in 2010 by Jan Haakonsen, an Omega-3 market professional, with the expressed focus on sales and marketing of marine ingredients from the Nordic region to the USA. The company offering includes a full range of Omega-3 products, traditional and innovative fish protein products, chitosan and other specialised ingredients from the sea. The company also markets select Omega-3 products to the European and Chinese markets.
For more information, please contact:
ArcticSource1 LLC: Jan Haakonsen + 1 719 201 4641