FMC Corporation and Tessenderlo Group Finalize Strategic Minority Investment Deal

On September 23, 2026, FMC Corporation, a prominent player in the agricultural sciences sector, and Tessenderlo Group, an industrial juggernaut based in Belgium, jointly announced the successful closing of a significant investment agreement. This transaction involves Tessenderlo Group’s acquisition of a minority stake in FMC, reflecting a collaborative vision aimed at leveraging their respective strengths in agriculture and industrial solutions.

Details of the Investment

The agreement, which was initially set in motion on June 30, 2026, has now reached fruition following the fulfillment of all necessary closing conditions and regulatory approvals. Tessenderlo Group invested approximately $403 million, acquiring 30,319,166 shares of FMC common stock at a negotiated price of $13.30 per share. This strategic investment grants Tessenderlo Group about 20% ownership in FMC's outstanding common stock.

As a cornerstone of this partnership, Tessenderlo Group will have the privilege of nominating one independent board member to FMC’s Board of Directors. They have put forth Luc Tack, the Chief Executive Officer of Tessenderlo Group, for this role, which underscores the importance of shared governance in fostering a robust business relationship.

Commitments and Advisory Roles

With the acquisition, Tessenderlo Group has also agreed to customary standstill restrictions, ensuring a measured approach to their involvement while a three-year lock-up period will be in place to safeguard the interests of both companies. Financial advisory roles were undertaken by BofA Securities and Goldman Sachs & Co. LLC for FMC Corporation, while Davis Polk & Wardwell LLP acted as legal counsel. On Tessenderlo Group’s side, legal representation was provided by Stibbe BV/SRL and Sullivan & Cromwell LLP.

Company Profiles

FMC Corporation

FMC Corporation is a globally recognized agricultural sciences company dedicated to empowering growers in producing essential food, feed, fiber, and fuel. With a strong focus on innovation, FMC offers diverse solutions comprised of biological products, crop nutrition, and digital agriculture tools. Their commitment to sustainable agriculture drives the development of new herbicide, insecticide, and fungicide formulations that are not only effective but also environmentally responsible. For more information, visit fmc.com.

Tessenderlo Group

Hailing from Belgium, Tessenderlo Group operates across over 100 countries, emphasizing sustainable practices in agriculture, machinery, bio-residual valorisation, electronics, energy, and water solutions. Their core philosophy, succinctly stated as "Every Molecule Counts," epitomizes their dedication to maximizing the value of products and processes continuously. In 2025, the group's consolidated revenue was reported at approximately 2.8 billion EUR. Details about their diverse offerings can be found at tessenderlo.com.

Looking Ahead

This partnership marks a pivotal moment for both companies as they unlock potential synergies and enhance each other's capabilities in addressing global agricultural challenges. By fostering innovation and sustainability, FMC Corporation and Tessenderlo Group are poised to make significant contributions to the agricultural landscape, ensuring that they meet the needs of a growing global population while promoting environmental stewardship.