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FMC Corp Acquires Omega-3 Concentrates Producer Epax AS


Wednesday, 24 Jul 2013 06:00am EDT 

FMC Corporation announced that it has acquired all of the shares of Epax Nutra Holding III AS (Norway) and Epax UK Holding III AS (United Kingdom) (together, Epax), a manufacturer of high purity, grade Omega-3 fatty acid concentrates that are used in nutraceuticals, pharmaceuticals and food. Epax was part of Trygg Pharma Group AS (Trygg Pharma), an Omega-3 pharmaceutical company. The transaction, valued at approximately $345 million, reflects a 2013 EBITDA multiple in line with FMC's current trading multiple and is expected to be immediately accretive to earnings per share. 

Company Quote

65.0
-0.22 -0.34%
11:50am EDT