FMC Corporation announced the creation of a world-class platform to serve the fast-growing biological crop protection market through two strategic transactions.
The first transaction is an agreement with Chr.Hansen, a biosciences company specializing in cultures, enzymes and fermentation, to develop and commercialize biological crop protection products. They also announced the acquisition of the Center for Agricultural and Environmental Biosolutions (CAEB), a division of North Carolina based RTI International, specializing in sustainable agriculture research.
“FMC is poised to become a leader in biological crop protection,” said Mark A. Douglas, president, FMC Agricultural Solutions. “We now have a world-class library of microorganisms, deep expertise in biological discovery, and an exclusive strategic alliance with one of the world’s foremost authorities on microbial research and fermentation. Combine these new elements with FMC’s global market access and historic strengths in formulation, product development, and market innovation and we have a powerful platform from which we can launch a range of new products.”
FMC has broadened its portfolio of crop protection products delivering more value to farmers around the world. They recently added several patented fungicides and now the company is building on its success in synthetic chemistries to offer a range of biological insecticides, herbicides and fungicides.
For more information on FMC’s biological crop protection platform you can find the complete press release here.