Philadelphia, November 25, 2025
Enviri Corporation announced a major restructuring plan, divesting its Clean Earth division to Veolia for $3.04 billion while spinning off its Harsco Environmental and Rail businesses into a newly formed entity, ‘New Enviri.’ This strategic move aims to enhance shareholder value and operational efficiency, reflecting a trend of innovation within the Philadelphia business landscape. The restructuring positions Enviri for long-term growth in environmental solutions and underscores its commitment to sustainability.
Enviri Corporation Announces Major Restructuring in Philadelphia
Enviri’s Separation of Clean Earth and Spin-Off of New Enviri Promises New Opportunities
Philadelphia, Pennsylvania – Enviri Corporation has made significant waves in the business landscape by announcing a strategic corporate restructuring that includes the sale of its Clean Earth division to Veolia Environnement SA for $3.04 billion. Additionally, Enviri is planning to spin off its Harsco Environmental and Rail businesses into a new publicly traded entity, “New Enviri.” This move is poised to unlock value for shareholders while streamlining Enviri’s operations, showcasing the resilience and adaptability of companies rooted in Philadelphia.
The decision to engage in this restructuring reflects a growing trend of innovation among local businesses. Executives at Enviri recognize the need for focuses that can lead to enhanced efficiency and better concentrate resources on environmental solutions, an area ripe for growth given today’s heightened environmental concerns.
Sale of Clean Earth to Veolia
Under a definitive agreement, Enviri will divest its Clean Earth division, selling 100% to Veolia for an aggregate cash consideration of $3.04 billion. Shareholders are expected to see cash returns ranging from $14.50 to $16.50 per share upon the transaction’s completion. This sale, projected to close by mid-2026, is contingent upon receiving necessary shareholder and regulatory approvals.
Spin-Off of Harsco Environmental and Rail Businesses
In tandem with the sale, Enviri will execute a taxable spin-off of its Harsco Environmental and Rail businesses, creating a standalone company named “New Enviri.” Shareholders can expect to receive 0.33 shares of New Enviri for each Enviri share held. This strategic separation is designed to create a more streamlined corporate entity, with New Enviri set to operate with a right-sized cost structure and a projected net leverage of approximately 2.0x at closing.
Leadership Appointments
As part of the restructuring, Russell Hochman, the current General Counsel and pivotal executive at Enviri, will step up as the CEO of New Enviri. His leadership is expected to provide continuity and ensure that the new entity aligns with the strategic vision of focusing on environmental solutions.
Background on Enviri Corporation
Previously known as Harsco Corporation, Enviri has evolved into a global provider focusing on environmental solutions, operating in over 30 countries. This strategic rebranding and divestiture reflect Enviri’s commitment to enhancing its environmental services. The company aims for long-term sustainable development, asserting its place in the market as a proactive contributor to solving complex environmental challenges.
Impact on Philadelphia’s Business Climate
The restructuring not only demonstrates Enviri’s commitment to growth but also signals positive dynamics in Philadelphia’s business landscape. With an emphasis on limited regulation and pro-business policies, local enterprises can prioritize innovation and flexibility. This move may inspire other companies in the region to reassess their own strategies to enhance operational focus and investment returns.
Stock Performance Insight
As reported on November 25, 2025, Enviri’s stock (NYSE: NVRI) saw trading at $18.445 per share, reflecting a modest increase of 1.01% from the previous close. This positive trajectory amidst significant corporate changes indicates shareholder confidence in Enviri’s strategic direction.
Contact Information
For further inquiries regarding this restructuring, Enviri Corporation can be reached at their corporate headquarters:
Two Logan Square
100-120 North 18th Street
17th Floor
Philadelphia, PA 19103
Phone: 267.857.8715
About Enviri Corporation
Enviri Corporation is a market leader in environmental solutions for industrial and specialty waste streams, employing approximately 12,000 people worldwide. The company serves industries such as steel, railways, and energy. The rebranding to Enviri in 2023 is a reflection of its renewed focus on environmental services.
About Veolia Environnement SA
Veolia Environnement SA is a global leader in resource management, providing sustainable solutions for water, waste, and energy across various industries. The acquisition of Clean Earth is expected to strengthen Veolia’s influence within the U.S. environmental services market.
Conclusion
The restructuring of Enviri Corporation is a significant step toward enhancing operational efficiency and shareholder value while adapting to the growing demand for environmental solutions. As Philadelphia continues to foster an environment conducive to business innovation, local stakeholders are encouraged to engage and support initiatives that promote economic growth and sustainability in the region.
FAQ
What is the total sale value of Clean Earth to Veolia?
Veolia will acquire Clean Earth for an aggregate cash consideration of $3.04 billion.
What will shareholders receive from the sale and spin-off?
Shareholders of Enviri are expected to receive cash consideration ranging from $14.50 to $16.50 per share upon closing of the transaction, and will receive 0.33 shares of New Enviri for each Enviri share held.
Who will lead the new entity, New Enviri?
Russell Hochman, the current General Counsel, is set to become the CEO of New Enviri.
Why is Enviri undergoing this restructuring?
The restructuring aims to unlock value for shareholders and streamline Enviri’s operations, focusing on environmental solutions.
| Feature | Details |
|---|---|
| Sale of Clean Earth | Veolia to acquire for $3.04 billion. |
| Shareholder Returns | Cash consideration of $14.50 to $16.50 per share. |
| Spin-Off | Creation of New Enviri, with 0.33 shares for each held share. |
| Leadership | Russell Hochman appointed CEO of New Enviri. |
| Company Background | Market leader in environmental solutions with 30+ countries of operation. |
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