Ecobat Completes Strategic Sale of U.K. Operations to Enhance Focus on Core Markets

Ecobat's Strategic Move: Selling U.K. Operations

In a significant strategic shift, Ecobat, a prominent player in the global battery recycling market, has announced its decision to sell its U.K. operations to funds advised by the private equity firm Splitstone Capital LLP. This transition is part of Ecobat's broader strategy to streamline operations and focus more intently on its U.S. and lithium-ion battery recycling endeavors.

The deal, which was confirmed on October 13, 2025, involves the sale of Ecobat's primary battery recycling facility located in Matlock, hailed as Europe's largest battery recycling plant. Additionally, the sale includes the company’s lead sheet mill situated in Welwyn Garden City. By divesting these assets, Ecobat is not only exiting the European lead market but also optimizing its resources to boost operations that are vital to its growth strategy.

Tom Slabe, President and CEO of Ecobat, expressed optimism regarding the sale, stating, "We are pleased to announce the sale of our U.K. operations. Upon completion, this transaction…will mark Ecobat's exit from the European lead market. This strategic transition positions us to focus on our U.S. and lithium-ion battery recycling operations."

This transaction is particularly noteworthy given that it occurs in conjunction with similar divestitures made by Ecobat in France, Italy, Germany, and Austria. The cumulative effect of these sales reflects Ecobat's commitment to refining its core operations and maximizing shareholder value through focused strategies.

The completion of the U.K. sale is projected for late 2025, contingent on the necessary regulatory approvals. In light of this transaction, Rothschild & Co is acting as the financial advisor, while White & Case is providing legal counsel to Ecobat.

Ecobat’s dedication to sustainable practices is well-documented. As the world’s largest recycler of batteries, the company plays a pivotal role in resource recovery and energy efficiency solutions. Its initiatives are directed towards creating a sustainable future, underpinned by responsible management of important resources essential for modern life.

Equally, Splitstone Capital, the firm acquiring Ecobat's U.K. operations, is relatively new on the scene, having been founded in 2024. The firm specializes in acquiring non-core divestment opportunities in the industrial and business services sectors across the U.K. and Ireland.

As the world grapples with increasing environmental concerns and the urgent need for recycling solutions, Ecobat’s strategic decisions reflect an agile approach to business within the changing landscape of battery management and recycling. By prioritizing its focus on the U.S. markets and lithium-ion batteries, the company aims to tap into the burgeoning demand for sustainable energy solutions while continuing to innovate in battery recycling technologies.

In conclusion, the sale of Ecobat's U.K. operations not only showcases its strategic agility but also reinforces its commitment to focusing on core business areas that promise growth and sustainability. Investors and stakeholders will need to stay tuned as the transaction unfolds and as Ecobat continues to reshape its business for future success.