June 13, 2012
PHILADELPHIAFMC Corporation extended its natural color formulation and processing capabilities with the acquisition of Staffordshire, UK-based Phytone Ltd., a leading natural colors producer for food, beverage, personal care and nutrition sectors. Terms of the deal were not disclosed.
This acquisition underscores our commitment to grow FMC's new natural colors portfolio, and represents another important step in our Vision 2015 growth strategy," said Pierre Brondeau, president, CEO and chairman, FMC Corporation. We expect the high-growth, natural colors market to reach well over $1 billion by 2015. The addition of Phytone's unique color technology, coupled with our acquisition last year of Chilean-based South Pole Biogroup, greatly strengthens our position in this exciting market."
Mike Smith, division manager, FMC BioPolymer, said there is a growing demand from consumers that favor natural ingredients from renewable and sustainable sources. The company brings more than 20 years of leadership and deep experience in the natural colors and nutraceuticals industry.
In March, FMC Corp. opened its new Singapore Technical Center, which features a state-of-the-art food laboratory that will serve the technology and formulation needs of FMC's growing food and beverage customers throughout Southeast Asia.
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