FMC to Acquire Portion of DuPont Crop Protection Portfolio

FMC Corp. and DuPont today announced of an agreement for FMC to acquire DuPont’s global chewing pest insecticide portfolio and cereal broadleaf herbicides. This portion of DuPont’s holdings must be divested to comply with the European Commission ruling related to its merger with The Dow Chemical Company. Additionally, DuPont will acquire FMC Health and Nutrition and receive $1.2 billion in cash. FMC will also acquire DuPont’s global crop protection R&D capabilities.

The acquired portion of DuPont’s crop protection business includes an industry-leading selective insecticide portfolio consisting of Rynaxypyr, Cyazypyr, and Indoxacarb. The first two of these products have full patent protection over their respective active ingredients, and FMC expects these products will generate more than $1 billion in 2017 revenue.

The acquired portfolio also includes DuPont’s global cereal broadleaf herbicides, consisting of nine active ingredients and multiple formulated products.

In 2017, FMC expects this acquired business will generate approximately $1.5 billion in revenue. After closing of the acquisition, FMC Agricultural Solutions will become the fifth largest crop protection chemical company in the world by revenue, with estimated annual revenue of approximately $3.8 billion.

Topics:

Leave a Reply

Citrus Stories
Judi Whitson, 2016 Florida Woman of the Year in Agriculture
Citrus
April 24, 2017
Who Will Be Florida’s next Woman of the Year in Agriculture?
Nomination period now open for longstanding recognition from FDACS. Read More
Citrus
April 23, 2017
Bio Huma Netics, Inc., and Mesa Verde Resources Expand Product Selection
Strategic alliance between the two companies is designed to offer customers greater access to products. Read More
Washington Capitol building
Citrus
April 21, 2017
Alliance Stepping Up Efforts to Protect Specialty Crops
The Specialty Crop Farm Bill Alliance has kicked off its efforts to communicate to Congress its priority needs for the Read More
farm labor pic for web
Citrus
April 20, 2017
Farm Labor Is in Crisis
To have a great crop potentially rot in the field because workers can’t be sourced is probably worse than a weather event taking out production. Read More
Barnes Farm cabbage field in Hastings, FL
Citrus
April 18, 2017
Florida Growers Seeking Inspiration Need Not Look Far
The firsthand experience of speaking with farmers and actually seeing all the hard work, knowledge, ingenuity, and people behind where our food comes from is invaluable. Read More
Citrus
April 18, 2017
Citrus Growth Path Uncertain as Florida Real Estate Surges
According to the latest Lay of the Land Market Report, the waiting game for a solution to greening has tempered groves sales. Read More
drought management; irrigation; water management
Citrus
April 17, 2017
Florida Flush with Water Shortage Warnings
Conservation practices preached throughout the state as exceptionally dry pattern persists.  Read More
Citrus
April 17, 2017
Natural Enemies for Asian Citrus Psyllid
The eventual spread of Huanglongbing (HLB), or citrus greening, to commercial groves in California seems inevitable. But the devastation seen Read More
Georgia Citrus Association grove tour meeting
Citrus
April 15, 2017
Georgia Citrus Seeking to Make Its Mark
Florida's neighbors to the north are getting serious about citrus, for good reason. Read More
Specialty vegetable farm market display
Citrus
April 14, 2017
How Florida Growers Are Agritaining and Gaining
Come one, come all — big and small — there are multiple ways to benefit from Agritourism. Read More
Citrus
April 12, 2017
Florida Company Seeks Approval of Novel Approach to Fight Citrus Greening
USDA prepares impact statement on technology that introduces a spinach defensin protein into trees via the tristeza virus. Read More
Laboratory beakers
Citrus
April 12, 2017
USDA Announces Nearly $22 Million in HLB Research Funding
Agency has invested $57 million on the deadly citrus disease since 2014. Read More
Citrus
April 11, 2017
Florida Citrus Stuck in Crop Forecast Funk
Latest estimate from USDA shows no change for oranges; grapefruit count gets squeezed. Read More
Illustration of CRISPR-Cas9
Citrus
April 10, 2017
BASF Licenses CRISPR-Cas9 Technology for Agriculture Use
Genome-editing from Broad Institute has potential to be a more precise tool to improve ag products. Read More
Hurricane Matthew satellite image as it brushed past Florida
Citrus
April 6, 2017
Mild or Wild? Here Is Your 2017 Atlantic Hurricane Season Outlook
Possible return of El Niño climate phase could sap strength out of any stormy scenarios. Read More
The Latest
Citrus
April 27, 2017
The California Citrus Grower Defines Lea…
While HLB wreaked havoc elsewhere, the California citrus industry came together and formed an action plan. Read More
Citrus
April 27, 2017
Trump Creates Agricultural Task Force
Panel to examine issues facing today’s growers including labor, food safety, and regulations. Read More
Citrus
April 26, 2017
Perdue Sworn in as Ag Secretary
USDA launches Twitter account to help promote the industry. Read More
Citrus
April 24, 2017
Who Will Be Florida’s next Woman of the …
Nomination period now open for longstanding recognition from FDACS. Read More
Citrus
April 23, 2017
Bio Huma Netics, Inc., and Mesa Verde Re…
Strategic alliance between the two companies is designed to offer customers greater access to products. Read More
Citrus
April 21, 2017
Alliance Stepping Up Efforts to Protect …
The Specialty Crop Farm Bill Alliance has kicked off its efforts to communicate to Congress its priority needs for the Read More
Citrus
April 20, 2017
Farm Labor Is in Crisis
To have a great crop potentially rot in the field because workers can’t be sourced is probably worse than a weather event taking out production. Read More
Citrus
April 18, 2017
Florida Growers Seeking Inspiration Need…
The firsthand experience of speaking with farmers and actually seeing all the hard work, knowledge, ingenuity, and people behind where our food comes from is invaluable. Read More
Citrus
April 18, 2017
Citrus Growth Path Uncertain as Florida …
According to the latest Lay of the Land Market Report, the waiting game for a solution to greening has tempered groves sales. Read More
Citrus
April 17, 2017
Florida Flush with Water Shortage Warnin…
Conservation practices preached throughout the state as exceptionally dry pattern persists.  Read More
Citrus
April 17, 2017
Natural Enemies for Asian Citrus Psyllid
The eventual spread of Huanglongbing (HLB), or citrus greening, to commercial groves in California seems inevitable. But the devastation seen Read More
Citrus
April 15, 2017
Georgia Citrus Seeking to Make Its Mark
Florida's neighbors to the north are getting serious about citrus, for good reason. Read More
Citrus
April 14, 2017
How Florida Growers Are Agritaining and …
Come one, come all — big and small — there are multiple ways to benefit from Agritourism. Read More
Citrus
April 12, 2017
Florida Company Seeks Approval of Novel …
USDA prepares impact statement on technology that introduces a spinach defensin protein into trees via the tristeza virus. Read More
Citrus
April 12, 2017
USDA Announces Nearly $22 Million in HLB…
Agency has invested $57 million on the deadly citrus disease since 2014. Read More
Citrus
April 11, 2017
Florida Citrus Stuck in Crop Forecast Fu…
Latest estimate from USDA shows no change for oranges; grapefruit count gets squeezed. Read More
Citrus
April 10, 2017
BASF Licenses CRISPR-Cas9 Technology for…
Genome-editing from Broad Institute has potential to be a more precise tool to improve ag products. Read More
Citrus
April 6, 2017
Mild or Wild? Here Is Your 2017 Atlantic…
Possible return of El Niño climate phase could sap strength out of any stormy scenarios. Read More