Ecobat Receives Binding Offer from Campine for French Lead Operations

Ecobat and Campine: A Strategic Shift in Battery Recycling

Ecobat, a leader in battery recycling globally, recently made headlines with the announcement of a binding offer it received from Campine NV to acquire its lead operations in France. This proposed transaction involves Ecobat’s facilities located in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence, signaling a major transition in the company's operational focus in the region.

Tom Slabe, the President and CEO of Ecobat, expressed enthusiasm about the deal, stating that this transaction represents a pivotal milestone in their ongoing strategy to concentrate on sustainable battery recycling. By granting exclusivity to Campine NV, Ecobat is set to streamline its operations significantly, redirecting resources toward its core mission.

The deal is not just a routine corporate maneuver; it showcases Ecobat's commitment to a sustainable future. The company plans to withdraw from the French market, except for the segment involving lithium-ion battery collection. This strategic pivot indicates Ecobat's aim to enhance operational efficiency and reinforce its commitment to sustainability. Slabe emphasized the importance of Campine’s expertise in facilitating future growth and stability within the French market, which he believes will benefit employees, customers, and suppliers alike.

This planned transaction is subject to a legal information and consultation process with the relevant employee representatives, alongside the routine regulatory approvals. The financial advisory role was managed by Rothschild & Co, while White & Case provided legal counsel to Ecobat.

Ecobat stands as the world's largest battery recycler, operating extensively in both Europe and the United States. Their mission revolves around forging a sustainable future through innovative solutions for battery recycling, resource recovery, and energy storage. This holistic approach ensures that valuable materials vital for modern life are handled responsibly.

On the other hand, Campine NV, listed on Euronext Brussels, is a Belgian company specializing in metal recycling and specialty chemicals. Their interest in acquiring Ecobat's operations highlights their strategy to expand within the recycling sector, particularly in lead operations, further illustrating the growing importance of sustainable practices across industries.

As both companies move forward, this transaction not only reflects a significant shift for Ecobat but also underscores the broader trend toward sustainability in corporate operations worldwide. The emphasis on effective battery recycling and resource management is becoming increasingly vital as societies strive for environmental responsibility and sustainable development.

By aligning with Campine, Ecobat anticipates cultivating a strong foundation for ongoing growth and stability in the competitive landscape of battery recycling. The market awaits further developments on this prospective transaction and how it will shape the future landscape of the battery recycling industry in France and beyond.