FMC Corporation and Tessenderlo Group announced that they have entered into a definitive agreement for Tessenderlo Group to make a strategic minority equity investment in FMC. The investment is valued at approximately $400 million.
Under the agreement, Tessenderlo Group will invest at a price of $13.30 per share.
Upon completion of the transaction, Tessenderlo Group will own approximately 20% of FMC’s outstanding common stock.
FMC said the transaction represents the conclusion of its Board of Directors’ exploration of strategic options, which was announced in February 2026.
FMC intends to use the proceeds to pay down debt.
The investment will enable the company to reach its approximately $1 billion debt paydown target.
FMC said the investment positions the company to execute on its operational and strategic plan as an independent company.
That plan includes advancing its R&D pipeline and accelerating commercialization of its innovations.
Over the past several months, FMC has taken several actions to unlock capital, sharpen its strategic focus, and improve financial flexibility.
These actions include amending its revolving credit facility to achieve significant covenant relief.
The company also raised $1.2 billion in a secured high-yield bond offering.
FMC signed an agreement to sell its India commercial business for $252 million.
The company also entered into a strategic supply and license agreement with Corteva, which includes an initial prepayment of $200 million.
FMC also signed a framework agreement for a $114 million sale-and-leaseback of its Newark, Delaware property.
FMC is a global agricultural sciences company focused on crop protection solutions, including biologicals, crop nutrition, digital agriculture, and precision agriculture. The company is also focused on discovering new active ingredients for herbicides, insecticides, and fungicides, as well as product formulations and technologies.
Tessenderlo Group is a Belgium-based industrial group focused on agriculture, bio-residuals valorization, machinery, mechanical engineering, electronics, energy, and industrial solutions with a focus on water. The group is active in more than 100 countries and has approximately 7,000 employees. In 2025, Tessenderlo Group recorded consolidated revenue of €2.8 billion.
The closing of the Tessenderlo transaction is subject to customary conditions, including regulatory approvals.
Support: BofA Securities and Goldman Sachs are serving as financial advisors to FMC. Davis Polk & Wardwell is serving as legal counsel to FMC. Stibbe and Sullivan & Cromwell are serving as legal advisors to Tessenderlo Group.
KEY QUOTES:
“Our investment in FMC perfectly aligns with Tessenderlo Group’s strategy to expand our agro platform through strategic cornerstone investments whereby we take a minority position in high-quality companies. FMC offers an attractive opportunity to invest in a business with meaningful long-term potential driven by a new generation of proprietary molecules that are renewing its portfolio and strengthening its competitive position.”
Luc Tack, CEO of Tessenderlo Group
“This agreement follows a comprehensive and deliberate process, and our Board is confident that entering into this agreement is the best path forward for our company and its shareholders.”
“We believe the strategic and operational actions taken by FMC over the last several months, combined with our significantly improved leverage and liquidity position, will deliver value to our shareholders, putting FMC on a path to growth as we strongly serve our customers and markets.”
Pierre Brondeau, Chairman, CEO, and President of FMC
