Zinzino Opens Talks to Buy 35 Percent of Algae Producer Xion to Secure Omega-3 Supply

GOTHENBURG, Sweden - July 14, 2025

Zinzino said it has started a process to acquire 35 percent of Xion International Group, an Andorra-based company with production in Spain that has developed a photobioreactor system for growing the microalgae spirulina. The two companies plan to form a joint venture, to be named PhytoFerm, to produce omega-3 and other oils from algae.

The Swedish direct seller said the move is meant to secure a sustainable future supply of omega-3 for BalanceOil+, its main product, as global expansion and sales growth increase demand. Xion currently has turnover of about 1.3 million euros, and most of its output already goes into spirulina-based products Zinzino added through its 2024 acquisition of Xelliss. Co-ownership would also give Zinzino access to Xion's intellectual property.

Zinzino said it aims to sign an agreement to acquire part of Xion's business in the second half of 2025. Chief Executive Dag Bergheim Pettersen said fish oil is a finite resource and that the venture would secure a vital raw material without increasing the company's carbon footprint. The deal would follow the company's asset acquisitions of Zurvita, Ecosystem and Valentus earlier in 2025.