Cinven-backed Envu completed the acquisition of the global specialty solutions business from FMC for $350m.

Cinven-backed Envu, an environmental science company, completed the acquisition of the global specialty solutions business from FMC, a global agricultural sciences company, for $350m. "The successful sale of our GSS business to Envu marks an important milestone for FMC. 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,” Pierre Brondeau, FMC Chairman and CEO.