FMC Completes Cheminova Acquisition

Cindy Zimmerman

fmc-logoFMC Corporation has completed its acquisition of Cheminova A/S, a multinational crop protection company based in Denmark and a wholly-owned subsidiary of Auriga Industries A/S.

“Cheminova gives us direct market access to key countries in Europe and enhances our customer reach in India, Australia and throughout Latin America, bringing greater balance to our agricultural business,” said Pierre Brondeau, FMC president, CEO and chairman. “Its technology will enable us to expand FMC’s position in existing crops; accelerate access to additional crops, such as cereals; and strengthen our offerings to customers, especially in sugarcane, soybeans and cotton.”

FMC has been realigning its business portfolio in recent years to expand its position in the crop protection market. With the acquisition of Cheminova, and the divestiture of the Alkali Chemicals business completed on April 1, 2015, FMC Agricultural Solutions is expected to represent approximately three quarters of the company’s total revenue, up from less than 40 percent as recently as 2009.

Agribusiness, Crop Protection, FMC