Campine NV Completes Acquisition of Ecobat’s French Operations
Campine NV, a prominent name in the metals recycling and specialty chemicals domain, has successfully acquired Ecobat’s French subsidiaries. This strategic move enhances Campine’s leadership role within Europe’s circular economy. The recent acquisition not only marks a significant milestone for the company but also reflects its commitment to sustainable practices and growth.
Overview of the Acquisition
The acquisition, which was finalized on September 30, encompasses two battery recycling plants along with a factory specializing in semi-finished lead products. With these additions, Campine is poised to boost its annual battery recycling capacity by a substantial 70,000 tons. This expansion also broadens their offerings, particularly in lead anodes tailored for the zinc and copper sectors.
Financial Insights
During the previous year, the acquired facilities generated an impressive revenue of approximately €100 million, coupled with a positive EBITDA, showcasing their operational effectiveness. The total cost of the acquisition is projected to be around €14 million, subject to minor adjustments related to cash flow and liabilities.
Strategic Growth in France
“This acquisition marks a pivotal moment in Campine’s expansion journey across Europe,” stated Wim De Vos, CEO of Campine. The company now operates five facilities within France, allowing them to realize operational synergies swiftly and further enhance their regional supply chain efficiency.
Maximizing Facility Capacity
David Wijmans, Director of Circular Metals, emphasized the potential of the newly acquired Ecobat facilities. He mentioned the immediate plans to utilize the existing free smelting capacity and adapt the furnaces to align with Campine’s proprietary technology for recovering antimony, tin, and other valuable metals. This initiative aligns beautifully with their multi-material recycling ambitions.
Integration with Existing Businesses
The strategic integration of Ecobat’s facilities is expected to bolster Campine’s recycled plastics business, known as CrP. These plants produce roughly 3,000 tons of polypropylene waste annually from battery casings, presenting a valuable opportunity for resource optimization in Campine’s operations.
Exclusions from the Transaction
It's crucial to note that certain operations were not included in the deal. Specifically, Ecobat’s Li-ion collection activities and their sales and distribution of new lead-acid batteries in France were excluded from this transaction.
Contact Information
For more information regarding this acquisition or other inquiries, please reach out to Karin Leysen at the following contact number: +32 14 60 15 49. Alternatively, you may email Karin at Karin.Leysen@campine.com.
Frequently Asked Questions
What is the significance of Campine's acquisition of Ecobat?
This acquisition enhances Campine's position in the circular economy and significantly increases its battery recycling capacity.
How much revenue did the acquired assets generate?
In the previous year, the acquired assets generated around €100 million in revenue.
What are the future plans for the facilities acquired from Ecobat?
The facilities will be modified to incorporate Campine's proprietary recovery technology for various metals.
What is the future of Campine’s recycled plastics division?
The acquisition will support the recycled plastics unit by providing valuable feedstock from the battery casings.
Who can I contact for more information about this acquisition?
You can contact Karin Leysen at +32 14 60 15 49 or email Karin at Karin.Leysen@campine.com.
