FMC Corporation has entered into a definitive agreement to acquire the business assets of Pectine Italia SpA, an Italian-based manufacturer of pectin for the food ingredients market.
The acquisition marks FMC’s entry into the pectin market, expanding the company’s portfolio of hydrocolloid texturants and stabilisers.
Michael Wilson, president, FMC Specialty Chemicals, said: “This acquisition continues our strategic expansion into the high-growth, natural-based food ingredients market.
"With our recent acquisitions of two natural food colours businesses, our entry into pectin underscores our commitment to broaden FMC’s portfolio of innovative food ingredients. It also represents another important step in our Vision 2015 growth journey.”
Source: FMC Corporation