News

FMC Corp announces split

FMC Corporation announced this morning it plans to split into two independently, publicly traded companies.  New FMC will focus on agricultural products and health and nutrition and FMC Minerals will consist of FMC’s current minerals division.

Current FMC Chairman and Chief Executive Pierre Brondeau will lead New FMC, the agricultural and nutrition company.  FMC Minerals will name its CEO in the near future.

Brondeau says, by creating two companies it will enable each company to pursue its own strategy.  “This will give each company greater focus on the success factors that are most important to its business and allow the adoption of a capital structure that is appropriate to its business profile,” he says.

The company’s separation is expected in early 2015 with both companies listed on the New York Stock Exchange.