#USA #Dallas #Battery Recycling #Ecobat #Haiki

Ecobat's Strategic Move in Recycling Industry

In a significant strategic step, Ecobat, a leading name in battery recycling worldwide, announced the successful divestment of its battery and polypropylene recycling operations in Italy to Haiki + S.p.A. The transaction involves the transfer of Ecobat’s facilities located in Marcianise, Paderno Dugnano, and Bologna, indicating a formal exit from the Italian market.

Tom Slabe, President and CEO of Ecobat, expressed optimism regarding this transaction, stating, "We are pleased to announce the closure of this deal concerning our Italian recycling activities. This sale represents another step in our strategic efforts to optimize Ecobat’s geographical footprint. We will continue to seek additional opportunities to maximize value for our shareholders through this transaction and beyond."

Ecobat's decision to sell its Italian operations comes as part of a broader strategy to streamline its focus and enhance operational efficiencies. The partnership with Haiki, known for its innovative and sustainable practices, is seen as a positive progression for the continuity and success of the operations now under their management.

Furthermore, Slabe noted, "We believe that Haiki’s commitment to innovation and sustainability will provide a solid foundation for the future success of the Italian business."

Pirola Corporate Finance served as the financial advisor to Ecobat throughout this transition, while ADVANT Nctm provided legal counsel, ensuring that the process proceeded smoothly and efficiently.

Understanding Ecobat

Ecobat stands as the world’s largest battery recycler, with a robust presence in both Europe and the USA. The company is dedicated to creating a sustainable future through innovative recycling solutions, resource recovery, and energy storage. Their comprehensive approach ensures responsible handling of valuable materials essential for modern living, underpinning Ecobat’s commitment to environmentally sound practices.

Haiki's Role in the Circular Economy

Haiki + S.p.A., which is listed on the Euronext Growth Milan (BIT HIK, ISIN IT0005628778), operates primarily within the environmental and circular economy sectors. With a clear ambition to be a leading player in Italy’s circular economy, Haiki embraces an innovative model that emphasizes recycling and resource utilization. This acquisition is expected to augment their operations, contributing to their goal of advancing sustainable practices in the recycling industry.

In light of this acquisition, stakeholders and industry experts are keenly watching how Haiki will adapt and expand the facilities now under its banner.

For media inquiries, please contact:
Chelsey Berend
Ecobat
Email: [email protected]
Phone: 1-888-317-4687 ext. 703
Website: www.ecobat.com

Through this strategic transition, both Ecobat and Haiki are reinforcing their positions within the recycling industry, advocating for sustainable practices and resource management necessary for a greener future.