FMC Corp. has entered into a definitive agreement to acquire South Pole Biogroup Ltda., a Chilean-based natural color 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 has been a global leader in food ingredient technology for more than 50 years,” said Mike Smith, Division General Manager, FMC BioPolymer. “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. And it’s another critical step in FMC’s Vision 2015 growth strategy.”
FMC expects to close the acquisition before year end. Terms of the transaction were not disclosed.