Ecobat Successfully Transfers Italian Recycling Operations

Author: Owen Jenkins Updated: 07-01-2025 05:55 PM

Ecobat Completes Strategic Business Sale

Ecobat, a global leader in battery recycling, has announced the successful completion of selling its battery and polypropylene recycling business. This sale marks a significant milestone as Ecobat transitions its focus towards enhancing operational efficiency and maximizing shareholder value.

Details of the Transaction

The transaction involves Ecobat's facilities located in various regions, facilitating a seamless transition to Haiki + S.p.A. This strategic move signifies Ecobat's exit from the Italian market, streamlining their operations to better align with their long-term goals.

Comments from Leadership

Tom Slabe, Ecobat's President & CEO, expressed enthusiasm about the successful closure of this transaction. He noted, “This sale is a pivotal step in optimizing our geographic footprint, allowing us to concentrate on future opportunities to drive shareholder value.” He underscored the belief that Haiki's dedication to sustainability will support the ongoing success of the Italian business.

Advisors Involved in the Transaction

To ensure a smooth process, Pirola Corporate Finance provided financial advisory services while ADVANT Nctm offered legal guidance throughout the transaction. Their expertise helped navigate the complexities involved in such a significant business change.

About Ecobat

Ecobat stands as the world's largest recycler of batteries, operating extensively across multiple regions. The company emphasizes sustainable solutions for battery recycling, resource recovery, and energy storage. Their comprehensive approach promotes responsible management of valuable materials, contributing to a sustainable future.

About Haiki

Haiki+ S.p.A. is recognized for its operations in the environmental and circular economy sectors. They aim to establish a strong presence within Italy, focusing on a circular economy through their various divisions.

Connecting with Ecobat

For media inquiries, please reach out to Chelsey Berend at Ecobat. Reach out at 1-888-317-4687 ext. 703 for direct communication.

Frequently Asked Questions

What company acquired Ecobat's Italian operations?

Haiki + S.p.A. has acquired Ecobat's battery and polypropylene recycling business in Italy.

Why did Ecobat decide to sell its Italian business?

This sale is part of Ecobat’s strategic plan to optimize its geographic focus and enhance shareholder value.

What products were included in the sale?

The transaction included Ecobat's battery and polypropylene recycling operations, along with associated facilities.

Who advised Ecobat on this transaction?

Pirola Corporate Finance served as the financial advisor, and ADVANT Nctm acted as the legal advisor for Ecobat.

What is Ecobat’s primary focus after this sale?

Ecobat aims to focus on its core operations in battery recycling and sustainability initiatives moving forward.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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