FMC Sells Global Specialty Solutions Business to Envu

MT Newswires Live11-01 21:40

FMC (FMC) has closed the sale of its Global Specialty Solutions business to Environmental Science US, or Envu, the companies said Friday.

FMC said in July that Envu had agreed to buy the business for $350 million. The sale aligns with FMC's strategy to concentrate on agricultural crop protection by divesting its non-crop product lines, according to Friday's statement.

FMC will continue to support the transition as a supplier for Envu, the companies said, adding that FMC plans to use the sale proceeds to reduce its debt.

Price: 63.41, Change: -1.58, Percent Change: -2.44

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