Philadelphia-based Enviri II Corporation announced it has completed its spin-off as a standalone publicly traded company, and the sale of Clean Earth.
Led by Russell Hochman as its president and CEO, New Enviri is being positioned as a market-leading, global provider of environmental solutions for industrial waste streams, and innovative equipment and technology for the rail sector. The company operates as two segments – Harsco Environmental and Harsco Rail. Harsco Environmental is expected to benefit from a steel market recovery, selective growth investment and continued actions to simplify the business and reduce costs. At Harsco Rail, officials said the company will execute a disciplined turnaround plan centered on operation improvement, right-sizing, and growing its core equipment and aftermarket business.
“We are excited to have New Enviri begin this next chapter with a renewed focus on serving our customers and maximizing value for shareholders through disciplined execution and capital allocation,” Hochman said. “There are exciting opportunities to enhance the earnings potential of Harsco Environmental and Harsco Rail as we implement various internal self-help initiatives and markets recover. I would also like to thank our employees and stakeholders for their ongoing support as we build a stronger company for the future.”
Enviri previously announced it would separate its Harsco Environmental and Harsco Rail businesses, and form it into a new, independent, publicly traded company, New Enviri, when it announced the sale of Clean Earth to Veolia on Nov. 21, 2025. Enviri shareholders will receive one share of New Enviri common stock for every three shares of Enviri common stock and $15 per share in cash as part of the closing of the Clean Earth sale.