Bioriginal Completes Management Buy-Out
Saskatoon, Canada – May 31, 2013
Bioriginal, the global Omega Solution company, is pleased to announce today the conclusion of its management buy-out, led by its existing management team in partnership with Westbridge Capital Ltd.
“This shift in our ownership marks a significant and positive new direction for our company. We are putting the power into the hands of our experienced senior management team, and with plans to build on our core competencies for key strategic initiatives, I am excited to be leading our company into this next phase of our growth.” Says Joe Vidal, CEO of Bioriginal.
Michael Meekins, President of Westbridge stated “Bioriginal is a perfect example of the thematic focus of our investments, founded in 1993 as a value added processor of oilseeds, it has since leveraged its core competency into a global customer base and supply chain, becoming a critical partner to participants in the rapidly growing Omega industry. Joe and his team have developed an exciting company, positioned well for the future and we are excited to partner with them on this transaction”.
Bioriginal, a pioneer in the omega industry for over 20 years, develops proprietary processes and innovative science-based omega solutions with both plant and marine-based omegas. Their secure vertically integrated supply chain is the base for their unique business approach, which combines technical, scientific and industry expertise to create customer and market-driven omega solutions.
“There is substantial growth and global competition within our industry, with increasing demands for supply and innovation.” Says Vidal. “Our strategy is to anticipate trends and create strategically aligned relationships to help our customers compete. We are noticing now an unprecedented number of disparate omega trends developing; krill oil, coconut, flaxseed and vegetarian options, concentrates and alternative delivery systems, to name a few. Bioriginal is uniquely positioned to meet emerging trends and develop innovative omega-based products that fit our customer’s specific business need to help them differentiate and succeed in this space.”
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Bioriginal is a global leader in delivering complete omega solutions to the Food and Nutraceutical industries. With over 20 years of global expertise in plant and marine-based omegas, Bioriginal has carved out a niche by scientifically combining ingredients from all over the world, directly from the source, to create unique and efficacious solutions. Bioriginal has developed proprietary methods and systems to provide customized turnkey solutions for our customers that help them compete and win in a highly competitive space. Bioriginal is headquartered in Saskatoon, Canada, with facilities in Europe, Asia and North America. For more information, please visit http://www.bioriginal.com.
ABOUT Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses exclusively on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.
Bioriginal – For additional information, please contact:
Bioriginal North America
Marketing & Key Account Manager
Mobile: +31 6 13555162
Westbridge Capital Ltd. – For additional information, please contact:
Westbridge Capital Ltd.