Apr. 2, 2015
FMC Corporation announced recently the company has completed the sale of its Alkali Chemicals business to Tronox Limited in a transaction valued at $1.64 billion.
"We're pleased that the Alkali Chemicals business is now owned by Tronox, where it will thrive as part of a leading, global mining and minerals company," said Pierre Brondeau, FMC president, CEO and chairman. "Completing this transaction ensures FMC will maintain a strong balance sheet as we prepare to close the acquisition of agrochemical maker Cheminova A/S and complete our transformation into a global agriculture, health and nutrition company."
FMC expects to close the Cheminova acquisition in April.
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