FMC completes acquisition of Frigoscandia Equipment.CHICAGO--(BUSINESS WIRE)--June 21, 1996--FMC Corp. announced today that it has completed the acquisition of Frigoscandia Equipment Holding AB from ASG ASG Assign ASG Allen Systems Group (Naples, FL) ASG Abu Sayyaf Group (terrorist group) ASG Associated Student Government ASG Area Support Group ASG Adaptive Services Grid ASG Assistant Secretary General AB. Frigoscandia Equipment, headquartered in Helsingborg, Sweden, is the global leader in in-line freezer equipment and has a strong position in convenience food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. equipment, such as industrial fryers, ovens, portioners, and battering and breading equipment. FMC See fixed mobile convergence. noted that the acquisition of Frigoscandia Equipment represents a significant step in its strategy to grow and leverage FMC's food machinery business on a worldwide basis. Frigoscandia Equipment employs approximately 800 people. Its primary facilities are located in Helsingborg, Sweden; Sandusky, Ohio Sandusky is a city in the U.S. state of Ohio and the county seat of Erie CountyGR6. The municipality is located in northern Ohio and is situated on the shores of Lake Erie, half-way between Toledo to the west and Cleveland to the east. ; and Seattle. FMC Corp. is one of the world's leading producers of chemicals and machinery for industry, government and agriculture. The Chicago-based company reported annual sales of $4.5 billion in 1995, with international sales to more than 100 countries accounting for 48 percent of total annual revenues. FMC employs 22,000 people at 117 manufacturing facilities and mines in 24 countries. The company divides its businesses into five major segments: Performance Chemicals, Industrial Chemicals, Machinery and Equipment, Defense Systems and Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. . CONTACT: FMC Corp. Pat Brozowski (media), 312/861-6104 Nicholas Kalm (media), 312/861-6086 Susan Reichert (investor relations Investor relations The process by which the corporation communicates with its investors. ), 312/861-6791 |
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