FMC To Sell Its Pectin Manufacturing Facility In Milazzo, Italy, To Cargill

(RTTNews) - FMC Corp. (FMC) said Monday that it FMC will sell its pectin manufacturing facility, located in Milazzo, Italy, to Cargill, Inc.

FMC noted that it is changing its strategy for pectin, shifting focus from the manufacture of standard grade pectin to concentrate on higher-value, more specialized solutions for its customers.

FMC will continue to offer pectin as one of many naturally-derived products it provides to industry-leading customers it serves.

FMC said that the company and Cargill have agreed on commercial terms of a supply agreement, which, when signed, will provide FMC with more efficient and flexible sourcing on a broad range of both standard and specialty pectin grades.