FMC to acquire South Pole Biogroup
Oct. 27, 2011
PHILADEPHIA — FMC Corp. has entered an agreement to acquire South Pole Biogroup Ltda., a Chilean-based natural color and specialty nutrition ingredients manufacturer.
“South Pole Biogroup is an innovation leader in the natural color and health ingredients industry,” said Mike Smith, division general manager of FMC BioPolymer. “This transaction brings a remarkable portfolio of natural color formulation, product application expertise and ingredient extraction capabilities to FMC customers and partners around the world.”
The company said the transaction expands FMC’s portfolio of naturally sourced specialty products. The natural color market is expected to grow to more than $1 billion during the next four years.
“FMC has been a global leader in food ingredient technology for more than 50 years,” Mr. Smith said. “This 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.”