Ecobat Solidifies Its Strategy with the Successful Sale of French Lead Operations

Ecobat's Strategic Move: Sale of French Lead Operations to Campine NV

In a significant development for the battery recycling industry, Ecobat, a global leader in battery recycling, announced the successful completion of the sale of its French lead operations to Campine NV. This deal marks a crucial step in Ecobat’s ongoing strategy to focus on its core growth platforms, enhancing its position in the competitive battery recycling market.

Key Details of the Sale

The completion of this transaction involved several key processes that ensured a smooth transition. Following the binding offer that was announced earlier, Ecobat engaged in necessary consultations with works councils, signed the share purchase agreement, and obtained the relevant regulatory approvals to finalize the sale. The facilities included in this transaction are located in the French towns of Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence.

Tom Slabe, the President and CEO of Ecobat, emphasized the importance of this closing in aligning with their strategic objectives. He expressed gratitude towards the French teams for their dedication and commitment, stating, "We thank our French teams for their dedication and professionalism and are confident they will continue to thrive under Campine's ownership."

Implications for Ecobat and Campine

The sale signifies a shift in Ecobat’s operations, allowing the company to concentrate on their strengths in the battery recycling sector. Slabe mentioned that Ecobat would continue to seek opportunities that maximize value for its shareholders, hinting at further strategic endeavors on the horizon.

Campine NV, based in Beerse, Belgium, is a well-established metals recycling and specialty chemicals company, and this acquisition positions them to expand their portfolio significantly. By integrating Ecobat's lead operations, Campine aims to bolster its recycling capabilities and align with sustainable practices, further meeting the demands of modern industrial requirements.

Ecobat’s Commitment to Sustainability

Ecobat stands as the largest recycler of batteries worldwide, with operations spanning across Europe and the United States. The company's commitment to sustainability is reflected in its innovative recycling solutions and resource recovery efforts, which create a responsible framework for managing valuable materials essential in today’s life. The transaction with Campine highlights Ecobat's resolve to continue contributing to a sustainable future through effective recycling practices.

As the battery recycling landscape evolves, this strategic sale is anticipated to have ripple effects across the industry, influencing operational strategies and inspiring other companies to explore aligning their activities with sustainable and responsible practices.

In conclusion, the successful transaction between Ecobat and Campine NV not only solidifies Ecobat's dedication to refining its strategic focus but also enhances Campine's position in the recycling market. This move will likely pave the way for further innovations in battery recycling, contributing to the broader environmental goals shared by both organizations.

For media inquiries, please contact Elizabeth Tuma at Ecobat.