US FMC realigns company, looks at divesting Peroxygens business

30 April 2013 22:22  [Source: ICIS news]

HOUSTON (ICIS)--FMC Corporation may divest its Peroxygens business, including select product lines and assets in its environmental solutions division, the US-based specialty chemical producer announced on Tuesday.

The operations under evaluation for divestment are expected to generate $350m (€266m) in revenue for 2013, CEO Pierre Brondeau said in a press release announcing the company’s Q1 2013 earnings.

FMC’s Peroxygens business is a supplier of hydrogen peroxide, persulphate products, peracetic acid and other specialty oxidants.

The possible divestiture is part of FMC’s Vision 2015 strategic plan, which seeks to align the company on three core platforms – agriculture, health and nutrition, and minerals, Brondeau said.

“This portfolio evolution increases our focus on strategic businesses and markets where we lead today, and where we expect to grow in the future,” the CEO said.

FMC produces agricultural products and specialty and industrial chemicals.

($1 = €0.76)

By: Jeremy Pafford
+1 713 525 2653

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