FMC Corporation Agrees to Sell Consagro Brazilian Subsidiary to Albaugh, LLC

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Sep 11, 2015, 09:00 ET

PHILADELPHIA, Sept. 11, 2015 /PRNewswire/ -- FMC Corporation (NYSE: FMC) has entered into a definitive agreement to sell Consagro Agroquimica Ltda., its Brazilian generic crop protection distribution and sales subsidiary, to Atanor do Brasil Ltda., the Brazilian subsidiary of Albaugh, LLC.

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"The sale of Consagro is part of our broad strategy to focus on our portfolio of valued-added products, especially with the addition of the Cheminova product line in Brazil," said Mark Douglas, president, FMC Agricultural Solutions. "Consagro is an ideal fit for Albaugh, which is known as a premier supplier of post-patent agrochemical products."

Terms of the agreement will not be disclosed. Closing will occur after review by regulatory authorities.

About FMC

FMC Corporation is a specialty company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. FMC acquired Cheminova in April of 2015. Pro forma revenue totaled approximately $4.5 billion in 2014. FMC employs approximately 7,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2014 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

SOURCE FMC Corporation