Ecobat Receives Binding Offer from Campine to Purchase French Lead Operations

Ecobat, a global leader in battery recycling, announced that it has received a binding offer from Campine NV to acquire its battery recycling and specialty lead manufacturing operations in France and on such basis has agreed to grant exclusivity to Campine NV. The contemplated transaction includes Ecobat's facilities in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence, which would mark Ecobat's exit from the French market, with the exception of its lithium-ion battery collection business.

"We are pleased to announce this project for our French recycling operations," said Tom Slabe, Ecobat President & CEO. "This transaction represents an important milestone in our ongoing strategy to sharpen our focus on Ecobat's core mission of sustainable battery recycling. Ecobat will continue to pursue additional opportunities to maximize value for shareholders beyond this contemplated transaction." Mr. Slabe added, "We believe that Campine's expertise and vision represent a strong foundation for the future growth and stability of the French recycling business, benefiting our employees, customers, and suppliers."

The contemplated transaction remains subject to the legal information and consultation process with the relevant employee representative bodies, and customary regulatory approvals. 

Rothschild & Co acted as financial advisor and White & Case acted as legal advisor to Ecobat on the transaction.