Omega Protein Named One of Top Ten Businesses in Houston
Companies in the Houston area are ranked using four performance criteria for 2015. Omega Protein ranked first among publicly traded companies in one-year (2015) total return.
June 19, 2016
A refocus on the public’s booming interest in personal nutrition proved a healthy move for Omega Protein, a century-old supplier of fish nutrients for plants and animals. In 2015, Omega saw a total shareholder return of 110 percent, the best in the Houston Chronicle 100 survey.
Since 1913, the company has fished for menhaden, a fish rich in omega 3. The FDA officially approved heart health claims for omega 3 in 2004.
“In 2011 we started a big push into direct human-consumption products,” Omega President and CEO Bret Scholtes said. “We saw the health trends driving the desire to eat better, not just in the U.S. but throughout the world. There is a huge demand for more nutritional products. We see ourselves delivering those solutions.”
In its transition to products for humans, the company has acquired several nutrition and processing companies, adding whey protein, coconut oil, and other plant and animal sources, and additional research capacity. These combined as new business unit Nutegrity in 2013.
Omega’s sales are almost all to companies that make products sold to end-users. Omega Protein exports to more than 40 countries and has locations or partnerships in Canada, Italy, the Netherlands, England and China, in addition to many U.S. locations.
Omega’s 2015 revenues were $359.3 million, a revenue growth of 16.4 percent. Earnings per share growth were 25.9 percent. Omega has headquarters and a research facility in the Houston area. About 75 of its half- seasonal 1,100 employees are based here.
The Omega Protein fleet has about 35 fishing vessels and 27 spotter aircraft. About two-thirds of its menhaden catch is from the Gulf of Mexico, the rest from the Atlantic.
“The nice thing is the ability to ensure traceability,” said Scholtes, who enjoys going out with the fleet. “We can take a customer out in a boat, they can see the fish being caught and brought back to our facilities and being processed.”
Both the economy —– which influences demand for nutritional products —– and weather affect Omega’s success.
“For the fish we catch or the coconut oil we get from the Philippines, Mother Nature plays a big role, whether we like it or not,” Scholtes said.
He expects demand for healthy food to grow and said Omega is well positioned for that. “We absolutely want to be that solution for everybody.”
About Omega Protein
Omega Protein Corporation (NYSE: OME) is a century old nutritional product company that develops, produces and delivers healthy products throughout the world to improve the nutritional integrity of foods, dietary supplements and animal feeds. Omega Protein’s mission is to help people lead healthier lives with better nutrition through sustainably sourced ingredients such as highly-refined specialty oils and essential fatty acids, specialty protein products and nutraceuticals.
The Company operates eight manufacturing facilities located in the United States, Canada and Europe. The Company also operates more than 30 fishing vessels to harvest menhaden, a fish abundantly found off of the coasts of the Atlantic Ocean and Gulf of Mexico.
For More Information
Visit Omega Protein at www.omegaprotein.com, follow us on Twitter at https://twitter.com/omegaprotein, or find us on LinkedIn at https://www.linkedin.com/company/omega-protein-inc.