Enviri to sell Clean Earth segment to Veolia

Enviri Corporation's announced sale of its Clean Earth segment to Veolia for over $3.0 billion represents a significant transaction in the environmental services sector. The deal, expected to close in 2026, is subject to customary closing conditions, including shareholder and regulatory approvals. This divestiture allows Enviri to potentially refocus its business strategy, while providing Veolia, a global leader in optimized resource management, with an opportunity to expand its service offerings and market presence in the waste management and environmental solutions space. The acquisition of Clean Earth by Veolia is notable due to its substantial transaction value and the involvement of a major player like Veolia. The deal signifies Veolia's continued commitment to growth through strategic acquisitions and its ambition to strengthen its position as a comprehensive environmental solutions provider. The successful integration of Clean Earth into Veolia's existing operations could lead to synergies and enhanced service capabilities, benefiting both companies and their respective stakeholders.