FMC Corporation and Envu Finalize the Sale of FMC's Global Specialty Solutions Business

FMC Corporation and Environmental Science U.S. LLC, known as Envu, have officially announced the successful completion of FMC’s sale of its Global Specialty Solutions (GSS) business to Envu. This transaction was initially disclosed on July 11, 2024, when both companies signed a definitive acquisition agreement. With all necessary regulatory approvals and conditions now met, the GSS sale marks a strategic milestone for FMC as it aligns with the company’s broader plan to focus entirely on the agricultural sector.

The divested GSS portfolio includes a diverse range of products catering to non-crop markets, such as golf courses, professional sports stadiums, and pest control services. By shifting its attention away from these sectors, FMC aims to concentrate on innovation specifically within the global crop protection market. According to FMC Chairman and CEO Pierre Brondeau, "The successful sale of our GSS business to Envu represents an important milestone for FMC. This transaction enables us to further sharpen our focus on our core agricultural business, while ensuring that the GSS business and its employees have the right partner in Envu to support their continued growth and success."

As part of the agreement, FMC will collaborate with Envu during a transition period, during which FMC will remain a contracted supplier of essential products and active ingredients. This ongoing partnership aims to ensure a seamless transition for both customers and employees, allowing Envu continued access to FMC’s innovative resources. Brondeau added, “We look forward to our ongoing collaboration with Envu to ensure a smooth transition and drive innovation in the non-crop market.”

Gilles Galliou, CEO of Envu, expressed enthusiasm for the acquisition, emphasizing the value it will bring to Envu’s customers and business growth. “This is a very exciting day for Envu, and we believe for our customers as well. Now that the deal is closed, we will move quickly to begin integrating the GSS team and exploring ways that we can leverage our collective strengths to deliver more innovation and more value for our customers. We look forward to continuing to collaborate with FMC as a trusted supplier and partner.”

For FMC, this transaction represents not only a refined business focus but also an opportunity to strengthen its financial position. FMC has announced that all proceeds from the GSS sale will be allocated toward debt reduction, reinforcing its commitment to maintaining a robust balance sheet and supporting its long-term growth in the agricultural industry.

In conclusion, this sale provides a strategic advantage to both FMC and Envu. While FMC gains the opportunity to streamline its focus on crop protection, Envu strengthens its position in the non-crop market with a portfolio that supports expanded services and innovation. Both companies are set to benefit from a cooperative relationship, supporting a transition that brings value to employees, customers, and stakeholders alike.