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FMC acquires omega-3 producer Epax
5:50 AM MDT | July 25, 2013 | Michael Ravenscroft
FMC has announced that it is acquiring Epax (Ålesund, Norway), a leading manufacturer of omega-3 fatty acid concentrates. The acquisition is valued at about $345 million. Omega-3 concentrates are used in nutraceuticals, pharmaceuticals, and food. The market for omega-3 fatty acid is worth $2.1 billion/year and is projected to grow by 12–15%/year. "Earlier this year, we committed to invest in our FMC health and nutrition platform by expanding participation in nutraceuticals and similar high-growth markets," says Pierre Brondeau, FMC...
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