FMC Assumes Full Ownership of FMC and Nufarm Joint Ventures in the Czech Republic and Slovakia as FMC Agro
PHILADELPHIA, Nov. 21, 2016 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that the company has taken full ownership of the former joint-venture operations of F&N Agro in the Czech Republic and Slovakia. FMC will now operate as FMC Agro Česká Republika Spol. S.R.O., based in Prague, and FMC Agro Slovensko spol. s r.o., based in Bratislava.
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The former joint venture companies were founded in 1997 and sold FMC, Nufarm and third party crop protection products in the Czech Republic and Slovakia. In April 2015, FMC acquired Cheminova and has now consolidated its commercial operations throughout Europe. FMC has acquired all Nufarm shares in F&N Agro Česká Republika and F&N Agro Slovensko.
"We have broadened the FMC portfolio of crop protection products through the acquisition of Cheminova while continuing to invest in our robust product development pipeline, both in new synthetic innovative patented active ingredients as well as unique biological products that are well suited for the Czech Republic and Slovakia agricultural markets," said Marc L. Hullebroeck, president, Europe and MEA, FMC Corporation. "This intensive research effort will enable FMC to introduce value-added technologies and solutions to our customers in the years to come."
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC acquired Cheminova in April 2015. Revenue totaled approximately $3.3 billion in 2015. FMC employs approximately 6,000 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.
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