Omega Protein

NutraCast: Nature's Crops' Andrew Hebard on Ahiflower: “Show me the benefits”

03-Nov-2023 By Danielle Masterson

The man behind Ahiflower said his fish oil alternative isn’t an alternative at all actually, it’s a compliment and all options–plant-based or not–offer collective solutions.

Seafood company Cooke Inc. acquires Omega Protein Corporation for $500 million

20-Dec-2017 By Adi Menayang

Century-old Omega Protein, which specializes in menhaden-derived oils for use in nutraceuticals, food fortification, and animal feeds, was bought for $500 million by Canadian fishery company Cooke.

Could Omega Protein be rethinking sales of human nutrition segments?

04-Aug-2017 By Hank Schultz

Better sales and margins within the embattled human nutrition segment has helped fish oil specialist Omega Protein weather a difficult start to its fishing season.

Omega Protein moves closer to sale of human nutrition assets

03-Mar-2017 By Hank Schultz

Despite improved returns for its embattled human nutrition segments, Omega Protein has launched a more focused strategic review that could include the sale of one or more of the businesses.

Omega Protein starts dividend program

25-Jan-2017 By Hank Schultz

Omega Protein has come through the tumult of a proxy fight and has announced a plan to distribute some of the cash generated by the business to shareholders via dividends. A line in the announcement gave the impression the company’s management has finally...

Omega Protein won't put timeline to exit of human nutrition business, but sector revenues continue to disappoint

07-Nov-2016 By Hank Schultz

The human nutrition portion of Omega Protein, a fish oil and fish meal specialist, continues to prove a drag the company’s financial picture, according to a recent earnings release, and questions are being raised about when the company might exit the...

Omega Protein to halt acquisitions as it struggles to improve human nutrition sales

09-Aug-2016 By Hank Schultz

In the wake of a proxy fight Omega Protein announced it will step back from its policy of human nutrition acquisitions as it strives to improve the performance of the companies it has already acquired.

Omega Protein shareholders elect Wynnefield's slate of board candidates

29-Jun-2016 By Hank Schultz

The management of Omega Protein Corporation has lost its defensive battle with Wynnefield Capital as the investment’s firm’s preferred board nominees were overwhelmingly elected by shareholders on Tuesday.

Omega Protein board urges shareholders to stay the course

26-May-2016 By Hank Schultz

Omega Protein’s Board of Directors is urging shareholders to stay the course on its diversification strategy despite entreaties to the contrary from an activist investor.

Omega Protein rejects investor's assertion that diversification strategy has failed

17-May-2016 By Hank Schultz

Omega-3 supplier Omega Protein has conceded a point in its tussle with an activist investor by agreeing to nominate for a election a board member put forward by the investor, Wynnefield Capital. But the company rejected a call for an abandonment of its...

Omega Protein exits high concentrate fish oils business; refocuses on base oil supply

14-Mar-2016 By Hank Schultz

Omega Protein Corporation has made a strategic decision to exit the concentrated omega-3s oils business, an industry segment it has been participating in since 2011. The company announced the move in conjunction with its year end earnings release, in...

Activist investor turns up heat on Omega Protein over diversification strategy

07-Mar-2016 By Hank Schultz

Diversified human nutrition company Omega Protein is in an increasingly bitter battle with an activist investment firm that has questioned the very diversification plan that the company has touted in recent years.

Omega Protein cites info from fisheries regulators to boost sustainability bona fides

02-Mar-2016 By Hank Schultz

Fish oil supplier Omega Protein has made a case for its sustainability bona fides via a position paper released by the company that includes information from the latest stock assessments by regulatory bodies.

More customers considering switch from anchovy to menhaden, Omega Protein says

11-Nov-2015 By Hank Schultz

Omega Protein reported record quarterly revenues driven by a recovering omega-3 market and an increasing willingness on the part of customers to consider raw material choices beyond anchovies.

Investor blasts Omega Protein's human nutrition diversification plans, calls for breakup, sale of company

13-Aug-2015 By Hank Schultz

Omega Protein Corporation has received a harsh critique of its diversification strategy from a major investor. Wynnefield Partners filed a Form 13D with the Securities and Exchange Commission calling for the company to seek alternatives—up to and including...

Omega Protein vessel comes to aid of stranded tug

07-Aug-2015 By Hank Schultz

An Omega Protein menhaden fishing crew aided a tugboat that had become stranded last week on the Chesapeake Bay Bridge-Tunnel structure at the mouth of the bay.

Omega Protein's Q3 revenues plunge on low oil yield from menhaden harvest

19-Nov-2014 By Hank Schultz

Omega Protein suffered steep declines in revenues and earnings in its third quarter of 2014. Human nutrition segment revenues increased, but only partly offset declines in animal nutrition revenues.

First sustainability report provides benchmark for Omega Protein's message that it is a "responsible company"

04-Nov-2014 By Hank Schultz

Joining a host of other companies seeking to highlight their green bona fides, Omega Protein Corporation has released its first corporate sustainability report. It’s not just about fishing; the report looks at the company’s energy and water usage and...

Omega Protein acquires oil-based ingredient supplier Bioriginal

09-Sep-2014 By Hank Schultz

Omega Protein Corporation has continued the diversification of the company with the acquisition of Canadian firm Bioriginal Food & Science Corp., which offers a range of plant and marine-based omega-3 supplement ingredients.

Omega Protein's animal nutrition sector carries it through headwinds that have beset other omega-3 suppliers

08-Aug-2014 By Hank Schultz

Omega Protein Corporation reported a strong second quarter 2014 with revenue up 72% year-over-year. The rise was mostly attributable to higher sales of fish oil and fish meal into the animal feed markets.

Omega Protein takes issue with 'success' of menhaden limits

25-Jul-2014 By Hank Schultz

Ben Landry, director of public affairs for Omega Protein corporation, took issue with the way a Pew Charitable Trusts writer characterized the menhaden fishing quotas that have been place for the past year. The quotas have not been uniformly enforced...

Omega Protein to pay $7.5 million to settle wastewater pollution case

06-Jun-2013 By Hank Schultz

Omega Protein has agreed to a total of $7.5 million in fines and payments to settle an investigation by the US Environtmental Protection Agency into the company’s Virginia fishing operations.

Human nutrition ingredients buoy Omega Protein despite supply uncertainty

20-May-2013 By Hank Schultz

The move into higher value human nutrition markets has helped Omega Protein weather supply uncertainties and boost profits. Fish meal sales—still the company’s primary line of business—were down due to poor yields in the fishing season, but sales of...

Omega Protein looking for organic growth, but acquisition pipeline remains open, CEO says

07-Mar-2013 By Hank Schultz

Omega Protein CEO Bret Scholtes said the company is looking toward organic growth first in the wake of its acquisition of whey producer Wisconsin Specialty Protein. But doesn’t mean the company isn’t ready to pull the trigger if the right deal comes along.