04:15 AM EDT, 07/12/2024 (MT Newswires) -- FMC (FMC) said late Thursday it has agreed to sell its Global Specialty Solutions business to Environmental Science US, or Envu, for $350 million, subject to closing working capital adjustment.

Envu, which focuses on innovations to safeguard and improve global environmental health, sees Global Specialty as an opportunity to support its growth strategy while continuing to deliver its services to customers.

The deal is expected to close by the end of the year, subject to regulatory and other customary closing conditions.

FMC said it will use all proceeds from the sale to reduce its debt.

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