US-based Ecobat has completed the previously announced sell-off of its battery and speciality lead operations across Europe.
Ecobat, which claims to be the largest recycler of batteries, announced on 13 October that it had entered into a binding agreement to sell its UK operations to Splitstone Capital, a UK-based private equity firm.
They include facility in Matlock, the largest battery recycling plant in Europe, and the company’s lead sheet mill in Welwyn Garden City.
Three other deals
On 1 October, it had completed the sale of its French lead operations to Campine, a metals recycling and specialty chemicals company. The transaction included Ecobat’s facilities in Estrée-Saint-Denis, Bazoches and Pont-Sainte-Maxence.
On 18 August, Ecobat’s facilities in Freiberg and Braubach, Germany, and the Arnoldstein operation in Austria were sold to Clarios, an energy storage specialist.
In July, Ecobat’s battery and polypropylene business in Italy was sold to Haiki +. The transaction included acilities in Marcianise, Paderno Dugnano and Bologna.
Strategic
‘We are pleased to announce the sale of our UK operations,’ says Tom Slabe, president and ceo of Ecobat. ‘Upon completion, this transaction – along with the previously announced divestitures in France, Italy, Germany, and Austria – will mark Ecobat’s exit from the European lead market. This strategic transition positions us to focus on our US and lithium-Ion battery recycling operations.’
The UK transaction is expected to close later this year, pending regulatory approvals.
Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.
Loading ...
