FMC recently announced that they will be acquiring a portion of DuPont’s Crop Protection business.
DuPont will also receive $1.2 billion in cash and acquire FMC Health and Nutrition.
FMC Agricultural Solutions will be the fifth largest crop protection chemical company in the world after the acquisition is closed. This transaction is expected to generate $1.5 billion in revenue in 2017
“This is a significant step forward for FMC, and for our Agricultural Solutions business in particular,” said Pierre Brondeau, President, CEO and Chairman of FMC in the company’s press release. “The combination of market-leading products from DuPont’s crop protection portfolio and its world-class R&D capabilities will transform our Agricultural Solutions business into a tier-one ag technology company.”
DuPont’s top-tier discovery and development organization, which includes 14 regional labs and the Delaware crop protection research headquarters, will be a large asset to FMC as a part of the acquisition.
Other assets for the merger include the presence of Rutgers and University of Delaware, national leaders in agricultural research, and a strong regional manufacturing industry.