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Enviri Sells Reed Minerals Unit to Speyside Equity for $45 Million
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Enviri Sells Reed Minerals Unit to Speyside Equity for $45 Million
Aug 31, 2024 8:31 AM

04:50 PM EDT, 08/29/2024 (MT Newswires) -- Enviri ( NVRI ) sold its Reed Minerals unit to Speyside Equity for $45 million in cash with potential adjustments following the closing.

Net cash proceeds will be used to pay down debt and improve the balance sheet, Enviri ( NVRI ) said Thursday in a statement.

The company said it surpassed its 2024 asset sale goal of $50 million to $75 million of proceeds.

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