FMC Corporation significantly expands biologicals platform with agreement to acquire BioPhero | Ap

  • BioPhero brings a new game-changing biologically produced pheromone technology to FMC’s award-winning pipeline and product portfolio.
  • FMC expects revenue from pheromones and pheromone-based insect control products of approximately $1 billion with above company-average EBITDA margin by 2030.
  • BioPhero’s patented fermentation process can manufacture sustainably advantaged pheromones at costs significantly lower than competitive processes.

PHILADELPHIA, June 29, 2022 /PRNewswire/ — FMC Corporation (NYSE: FMC), an agricultural sciences company, today announced a definitive agreement to acquire BioPhero ApS, a Denmark-based pheromone research and production company. The acquisition adds a biologically produced state-of-the-art pheromone insect control technology to FMC’s product portfolio and R&D pipeline, underscoring FMC’s role as a leader in delivering innovative and sustainable crop protection solutions.

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