Ecobat Announces Sale of U.K. Operations to Funds Advised by Splitstone Capital LLP

Ecobat, a global leader in battery recycling, announced that it has entered into a binding agreement to sell its battery recycling and specialty lead operations in the United Kingdom to funds advised by Splitstone Capital LLP, a U.K.-based private equity firm. The transaction encompasses Ecobat's facility in Matlock, the largest battery recycling plant in Europe, as well as the company's lead sheet mill in Welwyn Garden City.

"We are pleased to announce the sale of our U.K. operations," said Tom Slabe, President and CEO of Ecobat. "Upon completion, this transaction – along with the previously announced divestitures in France, Italy, Germany, and Austria – will mark Ecobat's exit from the European lead market.  This strategic transition positions us to focus on our U.S. and lithium-Ion battery recycling operations.  Ecobat will continue to pursue additional opportunities to maximize value for shareholders beyond these transactions."

The transaction is expected to close by late-2025, pending regulatory approvals.

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

Ecobat | https://ecobat.com/

Splitstone Capital LLP | https://www.splitstonecapital.co.uk/