FMC Corporation News

FMC Corporation Signs Agreement to Acquire CoLiving Food Ingredients

PHILADELPHIA, July 28 PRNewswire-FirstCall — FMC Corporation (NYSE: FMC) announced today that it has entered into an agreement to acquire CoLiving Food Ingredients based in Guangzhou, China. The acquisition will enhance FMC's leadership position in supplying specialty hydrocolloid products and services to the rapidly growing food ingredient market in China. The companies expect the transaction to close within four to six weeks following approval from Chinese regulatory authorities.

CoLiving will be integrated into FMC Specialty Chemical Group's BioPolymer Division, which recently opened a new technology and commercial center in Shanghai, China. As a result of the acquisition, FMC will add specialty blending capabilities and an application laboratory in Guangzhou, China.

"We are excited to broaden our customer reach and strengthen our ability to offer innovative solutions to the Chinese dairy market through the CoLiving acquisition," said Mike Smith, general manager, FMC BioPolymer. "This acquisition is an excellent complement to further accelerate the strong growth BioPolymer has realized supplying specialty stabilizers to Chinese dairy companies as well as improve service and supply chain efficiencies to the Chinese food ingredient market."

FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. The company employs approximately 5,000 people throughout the world. The company operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2007 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

SOURCE FMC Corporation

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