FMC to Sell India Crop Protection Business to Crystal Crop Protection for $252 Million
07 May 2026, New Delhi: FMC Corporation announced that it has signed a definitive agreement to sell FMC India Private Limited (FMC India) to Crystal Crop Protection Limited for consideration of $252 million USD, subject to customary adjustments for cash, debt and working capital.
FMC said it will continue to receive all cash generated from the ongoing operation of the India business until closing, primarily through monetization of working capital.
In July 2025, FMC had announced its decision to divest the company’s crop protection commercial business in India, enabling the company to participate in the Indian market through a new go-to-market approach while deploying resources to its highest-growth opportunities globally. The transaction is expected to close by the end of 2026, subject to regulatory approval and other customary closing conditions. FMC also stated that it intends to allocate all proceeds from the sale toward debt reduction.
“We are excited on signing this definitive agreement to acquire this business of FMC in India,” said Ankur Aggarwal, Chairman and Managing Director, Crystal Crop Protection Limited. “We look forward to welcoming a talented workforce into the Crystal group and aim at accelerating innovation across both chemical and biological domains of crop protection. FMC’s innovative portfolio, blockbuster brands and future pipeline give us an opportunity to provide Indian farmers access to innovative products. We look forward to further enhancing and building on our relationship with FMC.”
“Crystal Crop Protection Limited is well-positioned to serve Indian farmers with FMC’s portfolio of innovative technologies, and we look forward to supporting their growth through our supply agreement,” said Pierre Brondeau, FMC Chairman, Chief Executive Officer and President. “FMC remains committed to India and will continue to conduct global R&D activities and maintain global manufacturing operations in the country.”
Through the transaction, Crystal Crop Protection Limited will acquire FMC India’s commercial operations in the crop protection field, including a license to FMC’s brands sold in India. Crystal will also receive a preferred supply agreement for certain FMC active ingredients and formulated products, along with preferred access to FMC’s pipeline of active ingredients in India for the crop protection segment.
BofA Securities acted as exclusive financial adviser to FMC, while Davis Polk & Wardwell LLP served as U.S. legal adviser and Khaitan & Co acted as legal adviser in India. EY acted as exclusive buy-side M&A adviser to Crystal Crop Protection Limited, and Shardul Amarchand Mangaldas & Co served as legal adviser.
Further terms and conditions of the agreement were not disclosed.
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