FMC Corp to sell India crop protection business to Crystal for $252 mn

FMC Corporation on Thursday said it would sell its India commercial business to Crystal Crop Protection Ltd for US 252 million, as the US agricultural sciences company looks to reduce debt and refocus resources on higher-growth markets.
The deal, under which FMC has signed a definitive agreement, is subject to regulatory approval and customary closing conditions, including adjustments for cash, debt and working capital. FMC said it would direct all proceeds toward debt reduction.
FMC had expressed intention to exit its India crop protection commercial operations in July 2025, saying the move would allow it to re-enter the Indian market through a new go-to-market strategy while redeploying capital elsewhere.
Under the terms of the transaction, Crystal Crop will acquire FMC India’s commercial operations in the crop protection segment, including a licence to use FMC’s brands sold in the country, FMC said in a statement.
Crystal will also receive a preferred supply agreement for certai