WASHINGTON (dpa-AFX) - FMC Corp. (FMC) said Monday that the sale of its Alkali Chemicals business to Tronox Ltd. (TROX) has been approved under the Hart-Scott-Rodino Antitrust Improvement Act.
FMC and Tronox expect to close the deal, announced early last month and valued at $1.64 billion, on April 1.
FMC's Alkali Chemicals business is the producer of natural soda ash with its mining and processing facilities located in Green River, Wyo. Alkali Chemicals' products are used in glass manufacturing, water treatment, pulp and paper, textiles, food, and pharmaceuticals and cosmetics.
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