) has bought pectin-related intellectual property from
Switzerland-based Vigido AG, a unit of UniPektin Ingredients AG.
The terms of the acquisition were not disclosed.
The purchase of Vigido AG's pectin know-how and customer data
boosts FMC Corp.'s pectin portfolio and enhances its expertise
and capabilities in natural-based food ingredients. Vigido AG's
products, which were earlier marketed under the VIDOPECTINE
moniker, will now be available from FMC BioPolymer, a unit of FMC
The addition of Vigido AG's know-how to the newly purchased
pectin business offers FMC BioPolymer with increased ability to
serve a broad range of low pH food applications and provides
easier access to many customer applications for the pectin made
in FMC BioPolymer's pectin facility in Italy. In addition, it
offers FMC BioPolymer a wider product line for providing
customized food ingredient solutions.
FMC Corp. is a leading diversified chemical company that serves
agricultural, industrial, environmental and consumer markets
across the globe. It is a leading maker of Lithium-based
materials for primary and rechargeable batteries used in laptops,
cellular phones and electric cars.
FMC Corp., in Feb 2013, reported its fourth-quarter 2012 results.
Its adjusted earnings of 81 cents per share matched the Zacks
Consensus Estimate. Reported profit jumped 31% year over year on
a strong performance of the company's core Agricultural Products
segment. Revenues climbed 10% year over year to $1 billion and
beat the Zacks Consensus Estimate of $993 million.
FMC Corp. currently retains a short-term Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are
Akzo Nobel NV
). All of them hold a Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Free Stock Analysis
AXIALL CORP (AXLL): Free Stock Analysis
EASTMAN CHEM CO (EMN): Free Stock Analysis
FMC CORP (FMC): Free Stock Analysis Report
To read this article on Zacks.com click here.