M&A Deal Summary

FMC Acquires Epax AS

On July 24, 2013, FMC acquired life science company Epax AS from Trygg Pharma for 345M USD

Acquisition Highlights
  • This is FMC’s 2nd transaction in the Life Science sector.
  • This is FMC’s 2nd largest (disclosed) transaction.
  • This is FMC’s 1st transaction in Norway.

M&A Deal Summary
Date 2013-07-24
Target Epax AS
Sector Life Science
Buyer(s) FMC
Sellers(s) Trygg Pharma
Deal Type Divestiture
Deal Value 345M USD

Target

Epax AS

Oslo, Norway
Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

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Buyer(S) 1

Buyer

FMC

Philadelphia, Pennsylvania, United States
Category Company
Founded 1883
Sector Chemicals
Employees6,200
Revenue 4.5B USD (2023)
DESCRIPTION

FMC is an American chemical manufacturing company. It 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. FMC was incorporated in 1883 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 6 of 9
Sector (Life Science) 2 of 2
Type (Divestiture) 2 of 5
Country (Norway) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 GAT Microencapsulation

Ebenfurth, Austria

GAT Microencapsulation is a recognized microencapsulation specialist focusing on the stabilization of sensitive active ingredients in the fields of plant protection. GAT Microencapsulation is based in Ebenfurth, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 PeroxyChem

Philadelphia, Pennsylvania, United States

PeroxyChem LLC is a provider in peroxygen and adjacent chemistries with facilities in North America, Europe, and Asia. PeroxyChem manufactures high-quality products and innovative applications developed as a result of ingenuity and technical expertise. PeroxyChem LLC is based in Philadelphia, Pennsylvania.

Sell $200M

Seller(S) 1

SELLER

Trygg Pharma

Oslo, Norway
Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Trygg Pharma is a Norwegian-based 50/50 joint venture with Aker BioMarine. TPH is a manufacturer of marine-based omega-3 EPA/DHA concentrates for nutraceutical and pharmaceutical applications. EPAX, TPH’s nutraceutical division, is a long-standing leader in marine-based omega-3 EPA/DHA fatty acid concentrates for nutraceutical manufacturers and marketers, with a focus on the high concentrate segment. Trygg Pharma, TPH’s pharmaceutical division, is completing a Phase III FDA study on an omega-3-based drug candidate for hypertriglyceridemia. Trygg Pharma was founded in 2009 and is based in Oslo, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-03 Epax AS

Oslo, Norway

Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

Buy -
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