FMC Corporation Wednesday announced it has completed the closing of its two pending transactions with DuPont. The two companies signed an agreement back in March and now say all necessary conditions and approvals are completed.
FMC has acquired the portion of DuPont’s Crop Protection business it had to divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company, which was completed in August, to form DowDuPont.
Additionally, FMC has completed the sale of FMC Health and Nutrition to DuPont. The close of the transaction means FMC has acquired DuPont’s global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and a substantial portion of DuPont’s global crop protection research and development capabilities.
The transaction makes FMC Agricultural Solutions the fifth largest crop protection chemical company in the world by revenue, with estimated annual revenue of approximately $3.8 billion.
From the National Association of Farm Broadcasting News Service.