Ecobat Successfully Transfers French Lead Operations to Campine
Ecobat Finalizes Sale of French Lead Operations
DALLAS — Ecobat, recognized as a leader in the battery recycling industry, has finalized the sale of its French lead operations to Campine NV. This transaction follows a strategic pathway outlined by the management to enhance focus on core initiatives within the battery recycling sector.
Transaction Details
The successful completion of this sale stems from various necessary steps including a binding offer, thorough consultations with applicable works councils, and the signing of a comprehensive purchase agreement. Regulatory clearances were also obtained prior to the completion, ensuring a smooth transition.
Facilities Included in the Sale
The transaction encompasses several of Ecobat's key assets located in France, specifically the facilities in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence. These establishments play a crucial role in Ecobat’s operational framework and their transition under Campine is expected to leverage new growth opportunities.
Management Insights
“This closing marks another important step in Ecobat's strategy to sharpen our focus on core growth platforms across our battery recycling portfolio,” said Tom Slabe, the President & CEO of Ecobat. “We sincerely thank our French teams for their dedication and professionalism. We are confident they will thrive under Campine's ownership.”
Ecobat’s Commitment to Sustainability
Ecobat stands as the world’s largest battery recycler, with operations spanning both Europe and the United States. Committed to building a sustainable future, Ecobat develops innovative recycling solutions, focusing on resource recovery and energy storage. The company's commitment ensures responsible management of the valuable materials essential in today’s lifestyle.
Future Prospects
With the completion of this sale, Ecobat is poised to continue exploring additional opportunities for growth and value creation for its shareholders. The company embraces ongoing innovation in the recycling sector and prioritizes sustainable practices.
About Ecobat
As the leading battery recycler globally, Ecobat operates with an ethos centered around sustainability and innovative solutions. Their extensive portfolio supports a transition towards a circular economy, maximizing the potential of battery components with responsible practices.
About Campine NV
Campine NV, listed on Euronext Brussels, is a metals recycling and specialty chemicals company based in Beerse, Belgium. The company is committed to leading the way in sustainable practices within the recycling landscape.
Get In Touch
For inquiries related to this transition or for further information about Ecobat, you can reach out via the contact provided below:
For media inquiries, please contact:
Elizabeth Tuma
Ecobat
1-888-317-4687 ext. 703
Frequently Asked Questions
What prompted Ecobat's sale of its French operations?
The sale is a strategic measure to enhance focus on core growth areas within the battery recycling industry.
What facilities are included in the transaction?
The sale includes operations in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence.
What are the future plans for Ecobat?
Ecobat is focused on finding new growth opportunities and creating value for shareholders while continuing to innovate in the recycling sector.
What does Campine NV specialize in?
Campine NV specializes in metals recycling and specialty chemicals, contributing significantly to sustainable practices in the industry.
How is Ecobat enhancing sustainability in its operations?
Ecobat implements innovative recycling solutions to manage valuable materials crucial to modern life, ensuring sustainability in its operations.
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