Enviri to explore strategic alternatives

Enviri (NVRI) announced that its Board of Directors has authorized management to conduct a formal process to evaluate and explore strategic alternatives aimed at unlocking shareholder value. The Company is evaluating a wide range of value creation alternatives including but not limited to a tax-efficient sale or separation of the Clean Earth business, along with the continued execution of the Company’s business plan. “As we seek to close the persistent gap between Enviri’s public market valuation and the company’s sum-of-the-parts value, the Board has authorized a comprehensive review of strategic alternatives,” said Enviri Chairman and CEO Nick Grasberger. “We are approaching this process with clarity, discipline, and an open mind, assisted by our outside advisors and guided by our commitment to maximize shareholder value. This is a pivotal moment for Enviri, one that allows us to evaluate all paths forward while continuing to deliver innovative, safe, and sustainable solutions to our customers’ complex environmental and infrastructure needs worldwide.”