FMC Corporation, an agricultural sciences company, has announced a definitive agreement to acquire BioPhero ApS, a Danish pheromone research and production company.
The acquisition adds biologically produced pheromone insect control technology to FMC’s product portfolio and R&D pipeline.
BioPhero has pioneered a yeast fermentation process for manufacturing pheromones at lower costs and with fewer production steps compared to competitors’ traditional chemical synthesis methods.
Lower costs expand the pheromone addressable market from today’s focus on specialty fruit and vegetables to now include the large row crop market. FMC expects pheromones and pheromone-based products to contribute approximately $1 billion in revenue at above company-average EBITDA margin by 2030.
“This acquisition demonstrates our continuing commitment to invest in biologicals and adjacent technologies, expanding our world-class portfolio while advancing sustainable agriculture,” said Mark Douglas, FMC president and chief executive officer.
“BioPhero is a pioneer in the production of pheromones through a unique, highly efficient bioprocessing method—a game-changer in pheromone manufacturing technology. FMC’s broad market access, leadership position in the high-value insecticide market,
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