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| Ecobat′s Headquarters in Dallas, USA. Image: Ecobat |
Dallas-based Ecobat, world’s largest recycler of batteries, with operations across Europe and the United States, announced the successful completion of the sale of its battery and polypropylene recycling business in Italy to Haiki + S.p.A. The transaction includes Ecobat’s facilities in Marcianise, Paderno Dugnano, and Bologna, and marks Ecobat’s exit from the Italian market.
“We are pleased to announce the completion of this transaction involving our Italian recycling operations,” said Tom Slabe, Ecobat President & CEO. “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.” Mr. Slabe continued, “We are confident that Haiki’s commitment to innovation and sustainability will provide a solid platform for the continued success of the Italian business.”
Pirola Corporate Finance acted as financial advisor and ADVANT Nctm acted as legal advisor to Ecobat on the transaction.
