FMC sell pectin manufacturing unit Cargill

FMC to sell pectin manufacturing unit to Cargill

7:04 AM, 11th August 2015
FMC to sell pectin manufacturing unit to Cargill

PHILADELPHIA, US: FMC Corporation said that it will sell its pectin manufacturing facility, located in Milazzo, Italy, to Cargill Inc, to shift from manufacturing of standard grade pectin to concentrate on higher-value, specialized solutions.

FMC and Cargill have agreed on commercial terms of a supply agreement, which, when signed, will provide FMC with more efficient and flexible sourcing on a broad range of both standard and specialty pectin grades.

FMC will continue to offer pectin as one of many naturally-derived products, it said.

“We are pleased to have found a buyer who we believe will continue to invest in the Milazzo production site,” said Eric Norris, vice president, global business director, FMC Health and Nutrition.

“We are re-allocating our resources away from the manufacture of standard grade pectin to concentrate on developing the best solutions. For more than 75 years, FMC has helped solve its customers’ most pressing food and beverage challenges. Pectin remains an important product line in our broad portfolio of ingredients, including microcrystalline cellulose, alginates, carrageenan and natural colours,” Norris added.

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