Global agricultural sciences company FMC Corporation has signed a definitive agreement to sell its India commercial business to Crystal Crop Protection Ltd for $252 million, marking a significant consolidation move in India’s crop protection market.
The transaction involves the sale of FMC India Private Ltd, subject to customary adjustments for cash, debt and working capital, FMC said in a statement on Thursday.
The deal comes nearly a year after FMC announced plans to divest its crop protection commercial business in India as part of a strategy to focus resources on higher-growth global opportunities while continuing to participate in the Indian market through a revised go-to-market approach.
For debt reduction
FMC said it intends to use the proceeds from the sale entirely for debt reduction. The transaction remains subject to regulatory approvals and customary closing conditions.
As part of the agreement, Crystal Crop Protection will acquire FMC India’s commercial operations in the crop protection segment, including licences for FMC brands sold in India. Crystal will also receive a preferred supply agreement for certain FMC active ingredients and formulated products, along with preferred access to FMC’s pipeline of crop protection products in India.
“Crystal Crop Protection Limited is well-positioned to serve Indian farmers with FMC’s portfolio of innovative technologies, and we look forward to supporting their growth through our supply agreement,” Pierre Brondeau, Chairman, Chief Executive Officer and President of FMC Corporation, said. He added that FMC would continue its global research and development as well as manufacturing operations in India despite the divestment.
Expanding access
For Crystal Crop Protection, the acquisition is expected to strengthen its presence in the agrochemicals market and expand access to innovative crop protection technologies. “We look forward to welcoming a talented workforce into the Crystal group and aim at accelerating innovation across both chemical and biological domains of crop protection,” said Ankur Aggarwal, Chairman and Managing Director of Crystal Crop Protection.
Founded in 1994, Crystal Crop Protection operates across agrochemicals and seeds with a pan-India distribution network. FMC, headquartered in Philadelphia, is among the world’s leading agricultural sciences companies with businesses spanning biologicals, crop nutrition and precision agriculture.
This is among the about 15 acquisitions that Crystal Crop has made in the past few years.
Published on May 7, 2026
