Cory Environmental Resource Management completes Enovert rebrand
Cory Environmental Resource Management, a landfill and green energy business previously owned by the Cory Environmental group until its sale last year, has begun the new year by rebranding as Enovert.
The company says that the new name will allow it to establish independence from Cory Environmental, and will emphasise its focus on green activities such as recovering landfill gas.
"The landfill and gas generation business is now independent of Cory Environmental,” explained Alistair Holl, Managing Director of Enovert, “so needed a new identity to differentiate it and provide clarity in the marketplace.
"The name 'Enovert' reflects our environmental, energy and green credentials, our forward-looking and innovative outlook and our desire to develop new opportunities into the future.
"Landfill remains an important component of the UK's waste management strategy to dispose of materials that cannot be efficiently reused, recycled or recovered, and to provide additional disposal capacity in the event of short term pressures on local authorities.”
The sale of what is now Enovert follows a number of similar sales of Cory’s services. Its collections arm, Cory Environmental Municipal Services Limited, was sold to Biffa for £13.5 million in June 2016. This was quickly followed by the sale of its group of national waste brokerage businesses to waste management services company Reconomy two months later.
Cory has been passed between owners in its recent past: Ocean Group PLC sold Cory onto Montague private equity in 2005 after its long-term overnship since 1972. Then in March 2007 Montague sold it onto a consortium of investors made up of Dutch banking giant ABN AMBO, Finpro SGPS, and Santander Private Equity.