FMC Corporation signed a definitive agreement to divest its India commercial business, FMC India Private Limited, to Crystal Crop Protection Limited for $252 million, subject to customary adjustments for cash, debt, and working capital. The strategic transaction marks FMC’s shift toward a new go-to-market approach in India while allowing the company to focus resources on
high-growth global opportunities. The deal is expected to close by the end of 2026, pending regulatory approvals and customary closing conditions.
FMC to Focus on Global Growth and Debt Reduction
FMC stated that it will continue to receive cash generated from the India business until the transaction closes, primarily through the monetization of working capital. Additionally, the company plans to use all proceeds from the sale to reduce debt and strengthen its balance sheet.
The divestment follows FMC’s announcement in July 2025 regarding its decision to restructure its India crop protection commercial operations. Despite the sale, FMC emphasized that India will remain strategically important to its global operations. According to Pierre Brondeau, FMC chairman, Chief Executive Officer and President, the company remains committed to India through continued research, development, and manufacturing activities.
“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,” Brondeau said.
Crystal Crop Protection to Expand Market Presence
Crystal Crop Protection Limited will acquire FMC India’s crop protection commercial operations, including licenses for FMC’s brands sold in the Indian market. In addition, the deal provides Crystal with a preferred supply agreement for selected FMC active ingredients and formulated products. The company will also gain preferred access to FMC’s future crop protection pipeline in India. The acquisition is expected to strengthen Crystal Crop Protection’s position in the Indian agrochemical sector while expanding access to advanced crop protection technologies for Indian farmers.
Strengthening Innovation in Crop Protection
Ankur Aggarwal, Chairman and Managing Director, Crystal Crop Protection Limited said the acquisition aligns with Crystal’s long-term strategy to accelerate innovation across both chemical and biological crop protection segments.
“We are excited to sign this definitive agreement to acquire FMC’s business in India,” Aggarwal said. “FMC’s innovative portfolio, blockbuster brands, and future pipeline will help us deliver advanced crop protection solutions to Indian farmers while strengthening our collaboration with FMC,” Aggarwal added. He further added that Crystal looks forward to integrating FMC India’s workforce into the organization and expanding its innovation capabilities across the agricultural value chain.
Strategic Shift in India’s Agrochemical Market
The transaction reflects ongoing consolidation and strategic realignment within India’s fast-growing agrochemical and crop protection market. By combining FMC India’s established portfolio with Crystal Crop Protection’s domestic market reach, the deal is expected to create new opportunities for technology adoption, product expansion, and farmer engagement across the country. As per the press release, at the same time, FMC will continu/e to leverage India as a hub for global manufacturing and R&D operations while pursuing higher-growth opportunities worldwide.
