FMC Builds World-Class Platform for Biological Crop Protection with Global Strategic Alliance and Key Acquisition

  FMC Builds World-Class Platform for Biological Crop Protection with Global
                    Strategic Alliance and Key Acquisition

PR Newswire

PHILADELPHIA, Oct. 7, 2013

PHILADELPHIA, Oct. 7, 2013 /PRNewswire/ --

Global Strategic Alliance with Chr. Hansen

  oExclusive, global collaboration covering development and commercialization
    of biological crop protection products
  oFMC and Chr. Hansen to provide scouting and screening of new microbes
  oChr. Hansen to provide scale up and fermentation manufacturing
  oFMC to provide formulation, registration and product development
    as well as global market access
  oCooperation to develop new products, knowledge and biological expertise

Acquisition of Center for Agricultural and Environmental Biosolutions assets

  oProprietary discovery and development platform
  oRich pipeline of biological products in various stages of development
  oExtensive intellectual property, including patented technologies
  oWorld-renowned team of researchers based in Research Triangle Park, North
  oDeep expertise in scouting and screening for promising new technologies

FMC Corporation (NYSE: FMC) announced today that it has built a world-class
platform to serve the fast-growing biological crop protection market through
two strategic transactions. FMC has signed an exclusive and global
collaboration agreement with Chr. Hansen, a leading biosciences company
specializing in cultures, enzymes and fermentation, to develop and
commercialize biological crop protection products. FMC 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. Financial terms were not disclosed.

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With these two transactions, FMC Agricultural Solutions has created an
end-to-end biological platform that complements its traditional strengths in
synthetic crop protection chemistries. "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

As farmers around the world fight resistance and work to maximize yields, FMC
has successfully broadened its portfolio of crop protection products to
deliver more value. Long known for proprietary insecticides and herbicides,
FMC recently added several established and patented fungicides to its
business. Now the company is building on its success in synthetic chemistries
to offer a range of biological insecticides, herbicides and fungicides.

Global Strategic Alliance with Chr. Hansen

The new strategic alliance creates a powerful foundation for FMC and Chr.
Hansen to compete in the multi-billion dollar biological crop protection
market. Under the arrangement, Chr. Hansen will provide scouting, screening,
scale up and fermentation manufacturing expertise while FMC will provide
scouting, screening, formulation capabilities, product development and
registration experience, and global market access. The two companies will
develop new products, knowledge and biological expertise within the
collaboration's framework.

Commenting on the agreement, Douglas said, "No one knows microbiology and
fermentation better than the team at Chr. Hansen. Their expertise in scouting,
screening and scale-up production complements the work we do so well in
formulation and bringing products to market. We look forward to working with
Chr. Hansen to create a market-leading portfolio of biological solutions."

FMC and Chr. Hansen have been working together on select projects for several
years and this alliance represents the culmination of what has already been a
productive relationship. "FMC has proved to be an excellent collaborator. We
share a strong commitment to customer-driven innovation," said Christian
Barker, executive vice president, Health and Nutrition, Chr. Hansen. "We are
pleased to be entering a new business area with FMC at our side and feel
confident that our expertise with microorganisms can help to develop a strong
portfolio of biological crop protection solutions."

The existing collaboration between the two companies will yield the Brazilian
launch of the Nemix® C product for use in sugarcane in late 2013, targeting
the biggest sugarcane market in the world of 9 million hectares. Nemix® C
increases growth and yield through enhanced root development and protection
and is a purely biological product. Going forward, the new alliance will
expand into additional geographies and crop types with existing and new

Acquisition of Center for Agricultural and Environmental Biosolutions (CAEB)

FMC's acquisition of CAEB gives the company a proprietary discovery and
development platform through the addition of a state-of-the art research
facility, a team of accomplished scientists, a pipeline of biological products
in various stages of development and a world-class library of microbes with
deep intellectual property assets, including patent-pending technologies.

"We are impressed with CAEB's extensive intellectual property, as well as its
proven capabilities of scouting and screening for new technologies with the
potential to bring value to growers around the world," said Marc Hullebroeck,
vice president and business director for FMC Agricultural Solutions in North
America, Europe, Middle East and Africa. Hullebroeck also oversees FMC
Agricultural Solutions' research and development organization.

CAEB's facility, located in Research Triangle Park, N.C., will become a
biological center of excellence within FMC's global research and development
network. The work conducted at the facility will feed directly into FMC's
strategic alliance with Chr. Hansen.

"Over the years, FMC has distinguished itself as a company uniquely in tune
with the needs of growers. Everyone at CAEB is passionate about developing
greener solutions that protect crops, promote growth, and increase farm
yields. We are pleased to join FMC and work with our new colleagues to develop
and market new solutions that are both effective and sustainable," said Dr.
Daniel van der Lelie, founder of the Center for Agricultural and Environmental

About Chr. Hansen

Chr. Hansen is a global bioscience company that develops natural ingredient
solutions for the food, nutritional, pharmaceutical and agricultural
industries. All solutions are based on strong research and development
competencies and significant technology investments. The company enjoys market
leadership in all its divisions: Cultures & Enzymes, Health & Nutrition and
Natural Colors Division. There are more than 2,450 dedicated employees in over
30 countries.

About Center for Agricultural and Environmental Biosolutions

Center for Agricultural and Environmental Biosolutions is a world leading
research effort with a comprehensive discovery platform focused on endophytic
microbes and their plant-host interactions. CAEB is generating data for third
and fourth generation agricultural biosolutions, consisting of complementary
strains, chemistries, and/or bio-based products and is predicated on systems
understanding on the microbial and plant level to allow for optimization of
specific functions and combinations of products. CAEB's platform attributes
and diverse asset collection are core to any modern agricultural R&D platform
that seeks to optimize its pathway to commercialization. Many of the bacterial
and fungal isolates in CAEB's collection have demonstrated conclusive
properties for application in agriculture.

About FMC

FMC Corporation is a diversified chemical company serving agricultural,
industrial, environmental, and consumer markets globally for more than a
century with innovative solutions, applications and quality products. In 2012,
FMC had annual sales of approximately $3.7 billion. The company employs
approximately 6,000 people throughout the world, and operates its businesses
in four segments: FMC Agricultural Solutions, FMC Health and Nutrition, FMC
Minerals, and FMC Peroxygens. For more information, visit

Safe Harbor Statement under the Private Securities Act of 1995: Statements in
this news release that are forward-looking statements are subject to various
risks and uncertainties concerning specific factors described in FMC
Corporation's 2012 Form 10-K and other SEC filings. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. FMC Corporation does not intend to
update this information and disclaims any legal obligation to the contrary.
Historical information is not necessarily indicative of future performance.

SOURCE FMC Corporation

Contact: Media contact: Thomas Golembeski -- 215.299.6699,; or Investor Relations contact: Alisha Bellezza -
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