SUBSCRIBE

Breaking News on Supplements, Health & Nutrition - Europe US edition | APAC edition

News > Suppliers

Read more breaking news

 

 
News in brief

FMC to split into two publicly traded companies

By Hank Schultz , 12-Mar-2014
Last updated on 13-Mar-2014 at 14:11 GMT2014-03-13T14:11:37Z

FMC to split into two publicly traded companies

FMC Corporation, owner of omega 3 fish oils leader EPAX, will split into two publically traded companies, the corporation announced recently.  The plan is to split the agricultural and nutrition segments off from the company’s industrial minerals divisions.

The first company, dubbed “New FMC,” will consist of the Agricultural Solutions and Health and Nutrition segments.  This will include EPAX, which FMC acquired for $345 million in June of 2013 .

In addition to EPAX’s omega-3s expertise, the new company will also have considerable expertise in marine-sourced ingredients such as carrageenan and Portasea Focoidan brown seaweed extract.  Also in the new company’s portfolio will be MaQBerry antioxidants from maquiberries, Nutraesterol unesterified phytosterols and Nutricol HN glucomannan (soluble dietary fiber).

The acquisition of EPAX was part of the company’s long term strategy to get stronger in human nutriiton. The latest corporate resturction further executes on the strategy, dubbed Vision 2015.

“Our decision to separate into two independent companies is a natural progression of our strategy. We believe that creating two companies, each with its own publicly-listed equity, will enable the management of each company to pursue its own strategy,” said CEO Pierre Brondeau.

The scond company, called “FMC Minerals” will consist of the company’s current industrial minerals segment.  Both new companies are expected to be listed on the New York Stock Exchange.

Related products

Live Supplier Webinars

Polyphenols tipped to become the way to innovate in Sports Nutrition
Fytexia
Alpha & Omega in Sports Nutrition – Using Omega 3’s and A-GPC to improve performance and recovery.
KD Pharma
Orally bioavailable standardized botanical derivatives in sport nutrition: special focus on recovery in post-intense physical activities
Indena
Collagen in motion: move freely and keep your injuries in check
Leading manufacturer of gelatine and collagen peptides
Life’s too short for slow proteins. Whey proteins hydrolysates: Fast delivery for enhanced performance
Arla Foods Ingredients
What it Takes to Compete and Win in Today’s Sports Nutrition Market
Capsugel
Sports Nutrition Snapshot: Key regional drivers and delivery format innovations
William Reed Business Media
Gutsy performance: How can microbiome modulation help athletes and weekend warriors
William Reed Business Media
Pushing the boundaries: Where’s the line between ‘cutting edge nutrition’ and doping
William Reed Business Media

On demand Supplier Webinars

High-amylose maize starch may reduce the risk of type 2 diabetes: what does this qualified health claim mean?
Ingredion
Balancing Innovation and Risk in Sports Nutrition Ingredients
NSF-International
Explaining bio-hacking: is there a marketing opportunity for food companies?
William Reed Business Media
Personalized Nutrition – how an industry can take part in shaping the future of Nutrition
BASF Nutrition & Health
Find out Nutritional and ingredient lifecycle solutions and strategies!
Roquette
Is the time rIpe for I-nutrition?
William Reed Business Media
The Advantage of Outsourcing Fermentation-based Manufacturing Processes
Evonik Health Care
All supplier webinars