FMC Corporation completes sale of Alkali Chemicals to Tronox

Date:04-02-2015

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.