Ecobat Exits French Lead Battery Recycling Market with Sale to Campine NV
Ecobat, a Dallas-based leader in battery recycling and metals production, plans to sell its French lead battery recycling operations. The buyer, Belgium’s Campine NV, has made a binding offer to acquire Ecobat’s facilities in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence. This sale marks Ecobat’s exit from the French lead recycling sector, except for its lithium-ion battery collection business.
Ecobat’s President and CEO, Tom Slabe, described the move as a key milestone in sharpening the company’s focus on its core mission. “This transaction represents an important step in our strategy for sustainable battery recycling,” he said. Slabe also expressed confidence in Campine’s expertise to grow and stabilize the French operations, benefiting stakeholders including employees and customers.
Campine NV’s Role in Strengthening French Battery Recycling
Campine NV, a metals recycling and specialty chemicals firm headquartered in Beerse, Belgium, is listed on Euronext Brussels. The company’s acquisition of Ecobat’s French lead battery recycling assets aligns with its growth objectives in specialty metals recycling.
The transaction is subject to legal consultations with employee representatives and regulatory approvals. Rothschild & Co served as financial advisor, while White & Case provided legal counsel for Ecobat. This deal emphasizes the strategic reshaping of battery recycling assets across Europe as companies refine their focus on sustainability and operational efficiency.
SuperMetalPrice Commentary:
Ecobat’s decision to sell its French lead battery recycling operations reflects a growing trend in the metals recycling sector. Companies increasingly streamline operations to concentrate on core competencies, such as lithium-ion battery recycling, driven by clean energy demands. Meanwhile, buyers like Campine NV capitalize on these divestitures to consolidate and expand their market positions. This transaction highlights the evolving landscape of battery materials recycling, where strategic asset realignment plays a crucial role in supporting circular economy goals and shareholder value.
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