Ecobat, a worldwide leading company in battery cycling, announced the success of the sale of its battery and polypropylene recycling business in Italy at Haiki + Spa today. The transaction includes the Ecobat locations in Marcianise, Padeno Dugnano and Bologna and marks the withdrawal of Ecobat from the Italian market.
“We are pleased to announce the conclusion of this transaction in connection with our Italian recycling activities,” said Tom Slabe, President and CEO from Ecobat. “This sale is another step in our strategic efforts to optimize Ecobat’s geographical presence. We will continue to look for additional options to maximize the value for our shareholders beyond this transaction.” Mr. Slabe continued: “We are convinced that Haiki’s commitment to innovation and sustainability will form a solid basis for the further success of Italian business.”
Pirola Corporate Finance acted as a financial advisor and Advant NCTM as the legal consultant of Ecobat in this transaction.
Information on Ecobat
Ecobat is the world’s largest recycler of batteries with branches in Europe and the USA. The company is committed to creating a more sustainable future by offering innovative solutions for battery cycling, resource recovery and energy storage. The comprehensive approach of Ecobat ensures responsible handling of valuable materials that are essential for modern life.
Information about Haiki
Haiki+ Spa, a holding company listed on the Euronext Growth Milan “Egm” (Bit: Hik, I0005628778)) is active in the areas of the environment and circular economy. With its four business areas, Haiki+ is aiming to become one of the leading actors in Italy in the area of the circular economy.
For media inquiries, please contact:
Chelsey Berend
Ecobat
1-888-317-4687 ext. 703
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