FMC Corporation Completes Acquisition of Cheminova A/S21-Apr-2015
FMC Corporation has announced that it has completed the closing of its acquisition of Cheminova A/S, a multinational crop protection company based in Denmark and a wholly-owned subsidiary of Auriga Industries A/S. The companies announced the signing of a definitive acquisition agreement in September 2014. FMC completed the acquisition of Cheminova for an aggregate purchase price of $1.8 billion, including assumption of debt, and expects the transaction to be accretive to adjusted earnings in the first full year following the acquisition.
“The acquisition of Cheminova is fully aligned with our corporate strategy to focus FMC’s portfolio on agriculture, health and nutrition end markets,” said Pierre Brondeau, FMC president, CEO and chairman. “Cheminova has a highly complementary product portfolio and geographic footprint and follows a similar strategic approach to FMC in applying technology to deliver solutions to its customers. This transaction will broaden our Agricultural Solutions portfolio and significantly strengthen our market access.”
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