FMC Corporation's Sale of Alkali Business to Tronox Clears Antitrust Review; Closing Expected April 1, 2015

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Mar 02, 2015, 05:11 ET

PHILADELPHIA, March 2, 2015 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that the sale of its Alkali Chemicals business to Tronox Limited (NYSE: TROX) has been approved under the Hart-Scott-Rodino Antitrust Improvement Act. FMC and Tronox expect to close the sale on April 1, 2015. The transaction is valued at $1.64 billion.

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The Alkali Chemicals business is the largest global producer of natural soda ash with its mining and processing facilities located in Green River, Wyo. Alkali Chemicals' products are used in glass manufacturing, water treatment, pulp and paper, textiles, food, and pharmaceuticals and cosmetics.

About FMC

FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2014, FMC had annual sales of approximately $4.0 billion. The company employs approximately 5,000 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.

About Tronox

Tronox is a global leader in the production and marketing of mineral sands, titanium dioxide pigment and electrolytic products. Through the integration of its pigment and mineral sands businesses, the company provides its customers a dependable supply of brightening solutions for a variety of end uses. For more information, visit http://www.tronox.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