FMC Corporation sells Peroxygens business One Equity Partners value $200 million

FMC to sell Peroxygens business

7:55 AM, 14th December 2013
FMC Corporation business acquisition news

PHILADELPHIA, US: FMC Corporation has signed a definitive agreement to sell its Peroxygens business to affiliates of One Equity Partners, the private investment arm of JP Morgan Chase & Co. The transaction is valued at approximately $200 million. Subject to customary regulatory approvals and closing conditions, the transaction is expected to close in the first quarter of 2014.

“We’re pleased to sell our Peroxygens business to a successful and respected investment firm, One Equity Partners. This transaction will help unlock the growth potential of the Peroxygens business with focused attention and investment, while allowing FMC to direct our resources to core segments in crop protection, health and nutrition technologies, alkali chemicals and lithium,” said Pierre Brondeau, President, CEO and Chairman, FMC.

 

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