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NUFARM TO ACQUIRE LINE OF FMC PRODUCTS IN THE EU
Nov. 9, 2017
Source: FMC news release
FMC Corporation (NYSE: FMC) today announced the signing of a definitive agreement with Nufarm Limited to divest a portion of FMC's European herbicide portfolio.
Under the transaction, Nufarm will acquire FMC's SU-class herbicides and Florasulam for post-emergence use to control broadleaf weeds in cereals. In exchange, FMC will receive $90 million, which includes the purchase of existing product inventory.
The divestiture will satisfy FMC's commitments to the European Commission related to its recent acquisition of a significant portion of DuPont's Crop Protection business.
The close of the transaction is subject to customary conditions.
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. On November 1, 2017, FMC acquired a significant portion of DuPont's Crop Protection business. FMC's 2016 pro forma revenue was approximately $4 billion.1 FMC employs more than 7,000 people throughout the world and operates its businesses in two segments: FMC Agricultural Solutions and FMC Lithium. For more information, visit www.FMC.com.
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