Cyvex provides dietary supplement marketers with standardized, premium branded ingredients that focus on human health and wellness.
Matthew Phillips, Cyvex's president and COO, will continue with Cyvex as its new CEO. Gilbert Gluck, founder and formerly owner of Cyvex, will continue to assist Cyvex as a consultant.
"The acquisition of Cyvex provides Omega Protein with a strong line of non-marine based products and a stronger omega 3 distribution network for OmegaPure, our proprietary refined menhaden fish oil," said Joe von Rosenberg, Omega Protein's Chairman of the Board, president and CEO. "Cyvex provides us with an immediate presence in the human health and wellness segment and we now will have access to the top supplement retailers who purchase a variety of ingredients, including fish oil."
Mr. von Rosenberg added, "We believe that Cyvex has significant growth potential, both organically and as a catalyst for sales of our fish oil to the dietary supplement and functional food markets. We look forward to working with Matt and his team at Cyvex to expand this important platform and continue to diversify Omega Protein further beyond commercial fishing."