10.01.05
Denmark-based Ferrosan has entered into an agreement to acquire nearly 93% of the shares in Nordic Sales Group (NSG), Vesterålen, Norway, a supplement company. The acquisition of NSG gives Ferrosan both a new product and access to a new business model with direct customer sales via subscription. NSG’s major product is omega 3 fish oil capsules, which are sold directly to more than 200,000 subscribers in Norway, Sweden and Finland. According to Ferrosan, NSG was founded in 1997 and has quickly built up a flexible, clearly focused and efficient business model. Since 2001 sales have increased by more than 50% yearly, and NSG has maintained an annual turnover of approximately NOK 200 million.