PHILADELPHIA, Dec. 6, 2012 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that its Agricultural Products Group has signed a perpetual, global licensing agreement, along with distribution and services agreements with GAT Microencapsulation AG covering a range of advanced crop protection products and proprietary formulation technologies.
Under the agreement, FMC will access GAT Microencapsulation AG's complete library of intellectual property, which includes a portfolio of registered products, proprietary formulation technologies, and new products in development. FMC will be the main distributor of GAT Microencapsulation AG's current product portfolio in virtually all global markets. GAT Microencapsulation AG will supply the products to be sold, as well as new materials for products FMC commercializes in the future. Terms of the agreement were not disclosed.
"Over the years, FMC's innovation and collaboration initiatives have delivered impressive crop protection technologies. We are pleased to be adding to our portfolio GAT Microencapsulation's products and proprietary formulation technologies. With their research and development expertise, product registration experience, and key location in central Europe, we have found an important new strategic partner that will help us achieve our Vision 2015 goals," said Mark Douglas, president, FMC Agricultural Products.
About GAT Microencapsulation AG
GAT Microencapsulation AG is an agrochemical company specializing in the development, registration and manufacture of advanced plant protection products. GAT has developed innovative and cost-effective technologies for the formulation of agrochemicals, most notably microencapsulation. The company's intellectual property in these technologies is based upon a complex combination of international patents.
About FMC Corporation
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 2011, FMC had annual sales of approximately $3.4 billion. The company employs approximately 5,500 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.
Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2011 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.
SOURCE FMC Corporation