FMC Corporation announced it has reached a definitive agreement for Belgium-based Tessenderlo Group to make a $400 million minority equity investment in the company.
The deal will give Tessenderlo an approximate 20% stake in FMC once the transaction closes.
This marks the end of the strategic options review its board announced in February 2026. The company said it intends to use the proceeds to pay down debt, allowing it to reach its target of about $1 billion in debt reduction, while continuing to operate independently and pursue its operational and strategic plan.
Tessenderlo Chief Executive Luc Tack said the investment fits the group’s strategy of taking cornerstone minority positions in high-quality companies, while FMC Chairman and Chief Executive Pierre Brondeau said the board believes the agreement is the best path forward for the company and shareholders. The transaction remains subject to customary closing conditions, including regulatory approvals.
The two companies have some overlap in agriculture inputs, especially crop nutrition, but their portfolios are more complementary. FMC is primarily a crop-protection company, while Tessenderlo’s agricultural business includes specialty liquid fertilizers and plant nutrition products.
