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On Friday, shares of FMC Corp. (FMC - Get Report) roared higher, climbing 13% after it was announced that it would acquire DuPont's (DD) crop protection business. In exchange, FMC gave DuPont $1.2 billion and its FMC Health and Nutrition business.

Friday's rally wasn't the only big move though. Shares of FMC are now up 20% in the past month and 80% over the past year. Despite this, Cramer believes more gains could be on the way.

Because DuPont needs regulatory approval from the EU to complete its mega-merger with Dow Chemical (DOW) , it had to sell its crop protection business at an attractive price.

And FMC didn't get some middle-of-the-road asset, either. Practically overnight, it has been transformed into an agriculture powerhouse, just when the industry is heading into a strong cycle, Cramer said.

If investors liked FMC before the deal with DuPont, they should absolutely love it now, he reasoned. FMC also has a lithium business, which will see strong demand as electric vehicle sales continue to increase.

While a laptop may only need a few ounces of lithium for its battery, electric cars need 30 to 100 pounds. That's a good business for FMC, which said it plans to spin off its lithium unit, but not before 2019.

While its ag business saw revenues fall 6% last quarter, operating income climbed more than 25%. Its lithium business saw flat sales, but its operating income nearly doubled. Margins are expanding at FMC and that's very encouraging to see, he added.

Throw in DuPont's leading-edge crop protection business and research and development pipeline and FMC looks even better.

While shares of FMC have moved up significantly, there's still plenty of gains left in this name over the long term, Cramer said.

Over on on Real Money, Cramer says this pullback is exactly what the markets need to shake out the weak hands and get better owners in for the long haul. Check out his analysis with a free trial subscription to Real Money.

Cramer and the AAP team say they are currently restricted on Southwest (LUV - Get Report) , but if they could, they would be adding to their position today on the broader market selloff. Read what they're telling their investment club members. Get a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in DOW and LUV.