PHILADELPHIA, July 27, 2011 /PRNewswire via COMTEX/ --
FMC Corporation (NYSE: FMC) announced today the company has entered into a definitive agreement to acquire the European persulfates business of RheinPerChemie GmbH from Unionchimica SpA. The acquisition will strengthen FMC Peroxygens' global reach by establishing a market position for persulfates in Europe.
"We are extremely pleased with the first step of our Vision 2015 strategy that will allow us to globalize our specialty peroxygens franchises in environmental, electronics, food safety and other applications," said Mark Douglas, president of FMC Industrial Chemicals. "RheinPerChemie is an excellent business that will immediately broaden our peroxygens portfolio for Europe, the Middle East and Africa."
RheinPerChemie manufactures persulfates in Rheinfelden, Germany, and has a sales office in Hamburg, Germany. FMC expects to close the sale by year-end. Terms of the sale 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. The company employs over 5,000 people throughout the world. The company operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.
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