PHILADELPHIA, Nov. 21, 2011 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today the company has acquired the assets of Adventus Intellectual Property from Covington Capital Corporation and VentureLink Innovation Fund Inc. Adventus has a portfolio of specialty remediation technologies used in soil and ground water.
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"Adventus presents an exceptional opportunity for FMC to broaden its growing portfolio of advanced specialty solutions serving the global site remediation market," said Mark Douglas, president of FMC Industrial Chemicals.
"Meeting current and future regulations for clean water, air, and soil will demand novel technologies and sustainable solutions," Douglas added. "Today's announcement will expand FMC's current portfolio of advanced peroxygen-based products for soil and groundwater remediation and air pollution abatement."
Adventus, a Canadian corporation located in Mississauga, Ontario, holds patents and intellectual property related to bioremediation technology for chlorinated organic compounds, pesticides and hazardous metals. Terms of the transaction were not disclosed.
FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2010, FMC had annual sales of approximately $3.1 billion. The company employs approximately 5,000 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 2010 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
Media: Jim Fitzwater, +1-215-299-6633, or Investor Relations: Brennen Arndt, +1-215-299-6266