FMC Corp. buys U.K.-based color producer
June 13, 2012
by Jeff Gelski
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PHILADELPHIA — FMC Corp. has acquired Phytone Ltd., a producer of naturally-sourced colors based in Staffordshire, United Kingdom. Terms of the transaction were not disclosed. Global customers in the food, beverage, personal care and nutrition sectors use Phytone’s products and formulations.
FMC Corp. expects the naturally-sourced colors market to surpass $1 billion by 2015, said Pierre Brondeau, president, chairman and chief executive officer of Philadelphia-based FMC Corp.
“The addition of Phytone’s unique color technology, coupled with our acquisition last year of Chilean-based South Pole Biogroup, greatly strengthens our position in this exciting market,” he said.