PHILADELPHIA, PA — Enviri Corporation (NYSE: NVRI) shareholders approved the planned sale of the company’s Clean Earth division to Veolia Environnement, advancing Enviri’s restructuring into a standalone industrial environmental and rail-services business.
About 99.54% of votes cast supported the transaction proposal during a May 4 shareholder vote.
Immediately before the transaction closes, Enviri intends to spin off its Harsco Environmental and Harsco Rail segments into a separate company referred to as “New Enviri.”
The sale and spin-off remain on track for completion in mid-2026, pending customary closing conditions.
New Enviri is expected to focus on environmental services for industrial waste streams along with rail-sector equipment, aftermarket parts, and related services.
The standalone company projects annualized 2026 pro forma revenue of about $1.2 billion and plans to launch with net debt equal to roughly two times adjusted EBITDA and an undrawn revolving credit facility.
Enviri operates more than 150 locations across over 30 countries.
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