FMC Corp. Acquires EPAX

FMC Corp. (Philadelphia) has acquired EPAX AS (Oslo, Norway) for $345 million. The acquisition of an omega-3 EPA and DHA supplier will bolster FMC’s business in food and nutraceutical ingredients, which also includes functional ingredients such as cellulose, pectin, and carrageenan.

By acquiring EPAX, FMC inherits the Norwegian company’s fish oil production facilities in Alesund, Norway and Seal Sands, UK. As part of the financial agreement, EPAX will continue to supply highly concentrated fish oils to its former owner, Trygg Pharma Group AS.