FMC Acquires Pectin Supplier
Pectine Italia produces pectin, primarily from lemon peel.
FMC Corp. (Philadelphia) has entered into an agreement to acquire Pectine Italia S.p.A. (Milazzo, Italy), a manufacturer of pectin for food production. The acquisition of Pectine Italia marks FMC’s first serious move into the pectin market.
Pectine Italia’s portfolio is primarily comprised of pectin from lemon peel. The business will become part of FMC BioPolymer, best known as a provider of carrageenan, microcrystalline cellulose, and natural colors.
“Pectin has a very positive consumer image and unique functionality that has helped it grow globally in recent years,” said Mike Smith, division manager for FMC BioPolymer. “It is particularly well suited for low-pH applications, and our technical teams already work regularly with pectin.”
Terms of transaction have not been disclosed.
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