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FMC to sell hydrogen peroxide business to One Equity Partners

3:44 PM MST | December 23, 2013 | —Vincent Valk

FMC says it has agreed to sell its hydrogen peroxide (H2O2) business to private equity firm One Equity Partners (New York) for $200 million. FMC says it no longer considers the business, which recorded $302.7 million in revenues in 2012, core to its goals and strategy. One Equity is the private equity arm of investment bank J.P. Morgan Chase (New York). FMC announced that it was planning to sell the H2O2 business, which also makes persulfates and was formerly a part of the company’s industrial chemicals segment, in April. The divestiture is expected to...

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