FMC Corporation (NYSE:FMC) and Environmental Science U.S. LLC (Envu) announced the successful completion of the sale of FMC’s Global Specialty Solutions (GSS) business to Envu.
The divestiture of GSS, which includes a line of products that serve a diverse mix of non-crop markets – such as golf courses, professional sports stadiums and pest control – is a key step in FMC’s strategic plan to focus solely on innovating products and services.
“The successful sale of our GSS business to Envu marks an important milestone for FMC,” said Pierre Brondeau, FMC Chairman and CEO. “This transaction enables us to further sharpen our focus on our core agricultural business while ensuring the GSS business and employees have the right partner in Envu to support their continued growth and success. We look forward to our ongoing collaboration with Envu to ensure a smooth transition and drive innovation in the non-crop market.”
As part of the agreement, FMC will work with Envu through the companies’ transition period and will remain a contracted supplier of key products and actives. This ongoing collaboration will support a seamless transition for customers and employees while allowing Envu continued access to innovation.
