FMC Corp. Buys Omega-3 Concentrates Producer Epax AS

(RTTNews) - Diversified chemicals company FMC Corp. (FMC) Wednesday said it acquired Epax Nutra Holding III AS (Norway) and Epax UK Holding III AS (United Kingdom), a manufacturer of Omega-3 fatty acid concentrates that is used in nutraceuticals, pharmaceuticals and food, from Trygg Pharma Group AS.

FMC said the acquisition, valued at $345 million, strengthens and expands its presence in the high growth nutraceutical market and is expected to be immediately accretive to earnings per share.

As a part of the overall transaction, FMC said it has entered into a long-term supply agreement with Trygg Pharma to provide Trygg with high-concentration Omega-3 fish oil for use as an active pharmaceutical ingredient.