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FMC Corporation Acquires Leading High-Purity Omega-3 Concentrates Producer Epax AS
Date:7/24/2013

PHILADELPHIA, July 24, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today announced that it has acquired all of the shares of Epax Nutra Holding III AS (Norway) and Epax UK Holding III AS (United Kingdom)  (together, "Epax"), a leading manufacturer of high purity, premium grade Omega-3 fatty acid concentrates that are used in nutraceuticals, pharmaceuticals and food.  Epax was part of Trygg Pharma Group AS ("Trygg Pharma"), an Omega-3 pharmaceutical company.  This acquisition strengthens and expands FMC's presence in the high growth nutraceutical market. 

(Logo:  http://photos.prnewswire.com/prnh/20111101/NE97440LOGO )

The transaction, valued at approximately $345 million, reflects a 2013 EBITDA multiple in line with FMC's current trading multiple and is expected to be immediately accretive to earnings per share.

"Earlier this year, we committed to invest in our FMC Health and Nutrition platform by expanding participation in nutraceuticals and similar high growth markets," said Pierre Brondeau, FMC president, CEO and chairman.  "Today's announcement underscores our commitment to this strategy and builds on our strengths in functional ingredients for the food and pharmaceutical markets.  It also illustrates our resolve to meet or exceed FMC's Vision 2015 growth goals through targeted acquisitions that complement our technology, business and financial priorities."

Epax is a global leader in the production of high purity, premium grade Omega-3 EPA/DHA fatty acids that are used primarily in the nutraceutical, food and active pharmaceutical ingredient (API) intermediate markets.  Epax uses proprietary purification and concentration production techniques that address t
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SOURCE FMC Corporation
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