Envu completes acquisition of FMC's specialty products division - News - TurfNet

Envu continued to solidify its position in the turf and ornamental business with the recent completion of its acquisition of the global specialty solutions division of FMC Corp.

The companies announced the signing of an acquisition agreement in July for $350 million, and announced the completion of the deal, including completion of the regulatory review process, on Nov. 1.

The deal will allow FMC to focus its efforts solely on serving the agricultural crop protection market.

"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," said FMC CEO Pierre Brondeau.

With headquarters in Cary, North Carolina, Envu is short for Environmental Science U.S., LLC, which was created in 2022 when Cinven bought Bayer Environmental Science.

Besides golf, FMC's Global Specialty Solutions segment also served the pest control, lawn and tree care, nursery and greenhouse, vector control and industrial vegetation management sectors.

According to Envu officials, the company anticipates the FMC label for GSS products would be rebranded to Envu at some point as part of the transition, and more details will be forthcoming now that the acquisition is complete.

"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," said Envu CEO Gilles Galliou in a news release. "We look forward to continuing to collaborate with FMC as a trusted supplier and partner."