FMC Corporation Signs Agreement to Acquire RheinPerChemie European Persulfates Business; Terms Not Disclosed

FMC Corporation FMC announced today the company has entered into a definitive agreement to acquire the European persulfates business of RheinPerChemie GmbH from Unionchimica SpA. The acquisition will strengthen FMC Peroxygens' global reach by establishing a market position for persulfates in Europe. "We are extremely pleased with the first step of our Vision 2015 strategy that will allow us to globalize our specialty peroxygens franchises in environmental, electronics, food safety and other applications," said Mark Douglas, president of FMC Industrial Chemicals. "RheinPerChemie is an excellent business that will immediately broaden our peroxygens portfolio for Europe, the Middle East and Africa." RheinPerChemie manufactures persulfates in Rheinfelden, Germany, and has a sales office in Hamburg, Germany. FMC expects to close the sale by year-end. Terms of the sale were not disclosed.