Firenib Desk
New Delhi, May 8: Crystal Crop Protection acquires FMC India: In one of the significant developments in India’s agrochemical sector, FMC Corporation has signed a definitive agreement to sell its India crop protection commercial business to Crystal Crop Protection Limited for $252 million. The deal marks FMC’s strategic shift in the Indian market while strengthening Crystal Crop Protection’s position in the domestic agri-input industry.
Under the agreement, Crystal Crop Protection will acquire the commercial operations of FMC India in the crop protection segment, including rights to FMC’s established brands sold in India. The transaction also includes a preferred supply arrangement for select FMC active ingredients and formulated products, along with access to FMC’s future pipeline of crop protection technologies for the Indian market.
FMC had earlier announced in July 2025 its decision to divest its crop protection commercial business in India as part of a broader global strategy to focus resources on high-growth opportunities. However, the company clarified that it will continue its global R&D and manufacturing operations in India even after the transaction.
The deal is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. FMC stated that proceeds from the transaction will primarily be used for debt reduction.
Announcing the acquisition, Ankur Aggarwal, Chairman and Managing Director of Crystal Crop Protection, said the company sees the acquisition as an opportunity to accelerate innovation across both chemical and biological crop protection solutions. He added that FMC’s portfolio, strong brands and future product pipeline would help expand access to advanced technologies for Indian farmers.
FMC Chairman, President and CEO Pierre Brondeau said Crystal Crop Protection is well-positioned to serve Indian farmers with FMC’s innovative technologies. He also emphasized that FMC remains committed to India through its manufacturing and research operations.
Industry observers believe the acquisition could significantly reshape competition in India’s agrochemical market, especially in the premium crop protection segment, where FMC has maintained a strong presence through patented and specialty products. The move is also being seen as a major growth milestone for Crystal Crop Protection as Indian agrochemical companies increasingly look to scale through strategic acquisitions and technology partnerships.
For the transaction, BofA Securities acted as exclusive financial adviser to FMC, while Davis Polk & Wardwell LLP and Khaitan & Co served as legal advisers. EY advised Crystal Crop Protection on the acquisition, with legal support from Shardul Amarchand Mangaldas & Co.
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