Enviri corporation announces sale of reed minerals

Philadelphia, aug. 29, 2024 (globe newswire) -- enviri corporation (nyse: nvri) announced today that it has sold its reed minerals business to speyside equity for $45 million in cash, subject to post-closing adjustments. enviri expects to use the net cash proceeds from the transaction to reduce debt and further strengthen its balance sheet. importantly, the company has now surpassed its 2024 asset sale goal of $50 to $75 million of proceeds with this transaction.
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