FMC acquire South Pole Biogroup in Chile

FMC to acquire South Pole Biogroup in Chile

10:45 PM, 6th November 2011
FMC to acquire South Pole Biogroup in Chile
Mike Smith, Division General Manager, BioPolymer, FMC.

 

PHILADELPHIA, US: FMC Corporation will acquire South Pole Biogroup Ltda, a Chilean-based natural colour and specialty nutrition ingredients manufacturer. The acquisition further expands FMC’s portfolio of naturally sourced specialty products used in the food, beverage, personal care, nutrition and pharmaceutical markets.

FMC expects to close the acquisition before year end. Terms of the transaction were not disclosed.

“South Pole Biogroup is an innovation leader in the natural colour and health ingredients industry. This transaction brings a remarkable portfolio of natural colour formulation, product application expertise and ingredient extraction capabilities for FMC,” said Mike Smith, Division General Manager, BioPolymer, FMC.

The natural colour market is expected to grow beyond $1 billion in the next four years as consumer preference for nature-derived food colours and ingredients and overall health and nutrition continues to increase in mature and emerging markets.

“The acquisition of South Pole Biogroup and its franchise businesses - BioColor and BioNutrition, opens exciting new platform opportunities in natural colorants and functional ingredients for FMC BioPolymer,” added Smith.

(C) WOC News

 

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