FMC Corporation Announces the Acquisition of Pectin Intellectual Property from Vigido AG, a Subsidiary of UniPektin Ingredients AG
PHILADELPHIA, April 3, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) is pleased to announce the acquisition of pectin-related intellectual property developed by Vigido AG, a subsidiary of UniPektin Ingredients AG and the former exclusive marketer of the pectin products of Pectine Italia S.p.A., a company whose pectin business FMC acquired last year.
The acquisition of Vigido AG's pectin know-how and customer data significantly strengthens FMC's pectin portfolio with expertise in marketing and R&D knowledge. Vigido AG products previously marketed under the brand name VIDOPECTINE will now be available from FMC BioPolymer.
"This acquisition enriches our expertise and capabilities in natural-based food ingredients," said Mary T. Clarke, General Manager, Food Ingredients, FMC BioPolymer. "For our pectin business, Vigido's pectin market and application knowledge and formulation experience complements our existing strength in manufacturing and our more than 65 years of experience in the food industry, to solidify our position in the pectin market."
Adding the Vigido know-how to FMC's newly acquired pectin business provides FMC BioPolymer with:
- Enhanced ability to serve a wide range of low pH food applications
- A broader product line with which to provide customized food ingredient solutions
- Easier access to many customer applications for the pectin produced in our Milazzo™ pectin facility in Italy
FMC BioPolymer is one of the world's leading providers of naturally-derived alginates, carrageenan, Avicel® microcrystalline cellulose, pectin, natural color and health and nutrition products serving the worldwide food, pharmaceutical, personal care and specialty markets. With a high priority on safety and supply along with sustainability, the business is a responsible steward that uses environmentally friendly methods to process its ingredients.
FMC Corporation is a diversified chemical company serving agricultural, industrial, environmental and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2012, FMC had annual sales of approximately $3.7 billion. The company employs approximately 5,700 people throughout the world and operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. For more information, visit www.FMC.com.
SOURCE FMC Corporation