Charlotte, North Carolina, USA
October 6, 2013

Fennebresque & Co. has announced that RTI International’s Center for Agricultural and Environmental Biosolutions was acquired by FMC Corporation on September 30, 2013. Based in Research Triangle Park, North Carolina, Center for Agricultural and Environmental Biosolutions is a world leading research effort that has developed a discovery platform with a strong focus on endophytic microbes and plant-host interactions. Fennebresque & Co. acted as the exclusive financial advisor to RTI International in this transaction. Terms of the transaction were not disclosed.

“The Fennebresque team has been a joy to work with,” said Michael Kaelin, Senior Vice President and Chief Financial Officer of RTI International. “We have complete trust in Fennebresque as our advisor – their ascetic efficiency in winnowing down everything superfluous is critical in science and technology based transactions for an organization like RTI. Fennebresque consistently demonstrates an ability to process complex information and insert it into the proper context and priority of the transaction. They managed the transaction perfectly and maintained control of a  highly complex situation from beginning to end.”

About RTI International
RTI International is one of the world’s leading research institutes, dedicated to improving the human condition by turning knowledge into practice. The company’s staff of more than 3,700 provides research and technical services to governments and businesses in more than 75 countries in the areas of health and pharmaceuticals, education and training, surveys and statistics, advanced technology, international development, economic and social policy, energy and the environment, and laboratory testing and chemical analysis.

About RTI International’s Center for Agricultural and Environmental Biosolutions
Center for Agricultural and Environmental Biosolutions (CAEB) 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 Corporation
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.

About Fennebresque & Co., LLC
Headquarted in Charlotte NC with offices in Raleigh NC, Charleston SC and New Orleans LA, Fennebresque & Co. is a leading independent investment bank and financial advisory firm focused on the food industry. At the forefront of technology, ideas and capabilities, F&Co. provides client-centric solutions across the full spectrum of the food value chain, from agribusiness to realized consumer products.

Website: http://www.fmccrop.com

Published: October 14, 2013