Ecobat's Strategic Exit from Italian Battery Recycling Business
Ecobat Concludes Sale in Italy: A New Chapter Begins
Ecobat, a leading global player in battery recycling, has successfully completed the sale of its Italian recycling operations to Haiki + S.p.A. This significant transition includes the facilities operated by Ecobat in key locations such as Marcianise, Paderno Dugnano, and Bologna, marking Ecobat's exit from Italy. The strategic move is aimed at enhancing Ecobat's global operational focus and reinforcing its dedication to sustainability in the battery recycling industry.
Leadership Statement on the Sale
Tom Slabe, the President & CEO of Ecobat, expressed enthusiasm about this transaction, stating, "We are pleased to announce the completion of this transaction involving our Italian recycling operations. This sale marks yet another step forward in our strategic efforts to optimize Ecobat's geographic footprint. We will continue to pursue additional opportunities to maximize value for shareholders beyond this transaction." He emphasized confidence in Haiki's ongoing commitment to innovation and sustainability, which he believes will serve as a solid foundation for the future of the Italian operations.
Advisory Support
In this important transaction, Ecobat was supported by Pirola Corporate Finance, serving as its financial advisor, while ADVANT Nctm provided legal advisory services. This team brought together expertise crucial to navigating the complexities surrounding the sale of the recycling business.
About Ecobat
Ecobat is recognized as the world's largest battery recycler, with a comprehensive operational network spanning Europe and the United States. The company is passionately devoted to fostering a sustainable future through innovative solutions focused on battery recycling, resource recovery, and energy storage. By efficiently managing valuable materials essential to modern life, Ecobat plays a pivotal role in creating a circular economy.
Understanding Haiki and Its Mission
Haiki + S.p.A., the new owner of Ecobat's Italian operations, is a holding company that is publicly traded on Euronext Growth Milan under the ticker BIT: HIK. Operating across various segments within the environmental and circular economy sectors, Haiki + aims to position itself as a leader in Italy's circular economy landscape. Their strategic vision aligns well with contemporary initiatives promoting sustainability and ecological responsibility.
Commitment to Sustainability
With both Ecobat and Haiki sharing a commitment to sustainability, this acquisition is seen not merely as a transfer of operations but as an opportunity to enhance the environmental impact of battery recycling in Italy. The partnership represents a unified effort towards innovation in ecological practices and resource management, ensuring that essential materials are reintroduced into the economy effectively.
Looking Ahead: A Future of Opportunities
As Ecobat continues to refine its global strategy, the sale of the Italian business opens new prospects for the company. Focusing on operational efficiency and strategic investments will allow Ecobat to diversify its portfolio while remaining dedicated to its core mission of sustainable recycling practices. This move indicates Ecobat's commitment to continuous growth and adaptation within the industry.
Contact Information for Media Inquiries
For more information, please reach out to Ecobat for media inquiries. Chelsey Berend, representing Ecobat, is available for questions and additional insights regarding the sale and future initiatives. She can be contacted via phone at 1-888-317-4687 or through the company’s official channels. They are eager to engage and share more about what lies ahead following this significant transaction.
Frequently Asked Questions
What was the main purpose of Ecobat's sale in Italy?
The sale aimed to optimize Ecobat's geographic footprint and enhance its operational focus on battery recycling globally.
Who is the new owner of the Italian recycling operations?
Haiki + S.p.A. is the new owner, taking over Ecobat's battery and polypropylene recycling facilities in Italy.
What does Ecobat plan to do next after the sale?
Ecobat intends to pursue further opportunities to maximize shareholder value and continue growing its global recycling initiatives.
What role does sustainability play for both Ecobat and Haiki?
Sustainability is central to both companies' missions, ensuring responsible practices in battery recycling and resource management.
How can the media contact Ecobat for more information?
Media inquiries can be directed to Chelsey Berend at Ecobat, available through the company’s official communications.
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