FMC Corporation Announces $114 Million Sale-Leaseback of Newark, Delaware Property
24 June 2026, US: FMC Corporation has announced that it has entered into a framework agreement to sell its property in Newark, Delaware for gross proceeds of approximately $114 million USD, subject to a due diligence period and other closing conditions and adjustments. Upon completion of the sale, FMC intends to lease back the facilities it actively operates under a separate lease agreement. FMC will retain ownership of its adjacent Maryland properties.
The decision to pursue this transaction reflects FMC’s ongoing efforts to optimize its asset base, converting underutilized real estate into capital that will be applied directly to debt reduction while maintaining the operational capabilities central to the company’s growth strategy.
The transaction is structured to minimize any disruption to FMC’s research operations. FMC’s Stine Research Center, its global R&D headquarters, will continue to operate at the site following the transaction. The company’s R&D capabilities, core research activities and scientific infrastructure remain fully in place.
“The Stine Research Center remains the global headquarters for FMC’s R&D organization and will continue to play a central role in advancing our innovation pipeline,” said Seva Rostovtsev, executive vice president and chief technology officer. “This transaction allows us to optimize our physical footprint by reducing underutilized space while preserving and improving the world-class facilities, infrastructure and scientific talent that power our research and long-term growth.”
“Unlocking the value of underutilized real estate and applying the proceeds to debt reduction reflects our ongoing commitment to strengthening our balance sheet without compromising the investments and capabilities that will drive FMC’s future growth,” said Andrew Sandifer, executive vice president and chief financial officer.
The transaction is expected to close in the fourth quarter of 2026, subject to a due diligence period and various other closing conditions and adjustments. As is customary for transactions of this kind, the parties may elect to renegotiate certain terms during the diligence period and to amend the framework agreement accordingly. The agreement also contemplates that the form of the leaseback agreement and various other operational and economic terms are still to be agreed between the parties and are therefore at a preliminary stage. As a result, there can be no assurance that the framework agreement will ultimately result in any transaction.
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