Ecobat Exits European Lead Market, Sells UK Operations to Splitstone Capital
Ecobat, a global leader in battery recycling, has sold its UK operations to funds advised by Splitstone Capital LLP. The sale, advised by Rothschild & Co and White & Case, includes Ecobat's largest battery recycling plant in Europe, located in Matlock, and its lead sheet mill in Welwyn Garden City. This marks Ecobat's exit from the European lead market and allows the company to focus on its U.S. and lithium-ion battery recycling operations.
The transaction is expected to close by late-2025, subject to regulatory approvals. Ecobat will now concentrate on its U.S. and lithium-ion battery recycling operations, leaving the European lead market. The sale includes Ecobat's largest battery recycling plant in Europe, situated in Matlock, and its lead sheet mill in Welwyn Garden City. Rothschild & Co acted as financial advisor and White & Case as legal advisor to Ecobat on the transaction.
Upon completion, expected by late-2025, this sale will allow Ecobat to focus on its core operations in the U.S. and lithium-ion battery recycling. The company's exit from the European lead market follows the sale of its largest battery recycling plant and lead sheet mill in the UK to funds advised by Splitstone Capital LLP.
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