Speyside Equity Acquires Reed Minerals from Enviri Corporation
September 3, 2024
Speyside Equity has acquired Reed Minerals from Enviri Corporation in a carve-out transaction for $45 million in cash, subject to post-closing adjustments. Enviri said it will use the proceeds to reduce debt and focus on core markets, while Speyside plans to invest in Reed Minerals to support product launches and growth.
- Buyers
- Speyside Equity
- Targets
- Reed Minerals LLC
- Sellers
- Enviri Corporation
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Divestiture
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