FMC Corp. (Philadelphia, Pa.) has acquired Phytone Ltd. (Staffordshire, U.K.), a producer of natural colors used in the food, beverage, personal care, and nutrition sectors. "We expect the high growth natural colors market to reach well over $1 billion by 2015,” said Pierre Brondeau, president, CEO and chairman of FMC.
“The addition of Phytone's unique color technology, coupled with our acquisition last year of Chilean-based South Pole Biogroup, greatly strengthens our position in this exciting market." FMC is a diversified chemical company reporting annual sales of $3.4 billion in 2011.
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