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.