Ecobat Eyes Exit from French Lead Battery Recycling Market with Campine NV Deal
Dallas-Ecobat, a global leader in battery recycling, has announced it has received a binding offer from campine NV to acquire its battery cycling systems and special lead production systems in France. ecobat has granted Campine NV exclusivity based on this offer. The proposed transaction encompasses Ecobat’s facilities in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence. This move would effectively withdraw Ecobat from the French market,with the exception of its lithium-ion battery operations.
Strategic Shift Towards Lasting Battery Recycling
The potential sale aligns with Ecobat’s strategic focus on its core business of sustainable battery recycling. The company aims to maximize shareholder value through this and other future opportunities.
We are pleased to announce this project for our French recycling companies. The transaction represents an important milestone in our ongoing strategy to concentrate even more on Ecobat’s core task of the sustainable battery recycling.Ecobat will continue to pursue additional options to maximize the value for shareholders beyond this planned transaction.
Tom Slabe, president and CEO, Ecobat
slabe also expressed confidence in Campine’s ability to foster growth and stability within the French recycling sector, benefiting employees, customers, and suppliers.
We believe that Campine’s expertise and visions represent a strong basis for the future growth and stability of the French recycling business, from which our employees, customers and suppliers will benefit.
Tom Slabe, President and CEO, Ecobat
Transaction Details and Approvals
The planned transaction is contingent upon the completion of legal information and consultation procedures with relevant employee representatives, as well as customary regulatory approvals.
Advisors
Rothschild & Co served as the financial advisor, and White & Case acted as the legal consultant to ecobat in this transaction.
Did You Know?
Battery recycling is crucial for recovering valuable materials like lead,lithium,and nickel,reducing the need for new mining and minimizing environmental impact.
About Ecobat
Ecobat is recognized as the world’s largest battery recycler, operating facilities across Europe and the United States. The company is dedicated to promoting a more sustainable future through innovative solutions for battery recycling, resource recovery, and energy storage. Ecobat’s thorough approach ensures the responsible management of valuable materials essential for modern life.
About Campine NV
Campine NV, a metal recycling and specialty chemical company based in Beerse, Belgium, is listed on Euronext Brussels.
Pro Tip
When disposing of batteries, always check with your local municipality for designated recycling drop-off locations. This ensures proper handling and prevents environmental contamination.
Frequently Asked Questions (FAQ)
Contact Information
For media inquiries, please contact:
chelsey Berend
Ecobat
Press@Ecobat.com
1-888-317-4687-703
www.ecobat.com
