Ecobat sells UK battery recycling operations

Ecobat has entered into a binding agreement to sell its battery recycling and specialty lead operations in the UK, to funds advised by London-based private equity firm, Splitstone Capital LLP.

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.

The deal is expected to close by the end of this year, pending regulatory approvals.

Tom Slabe, president and CEO of Ecobat said: “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 US and lithium-Ion battery recycling operations,” he added. “Ecobat will continue to pursue additional opportunities to maximise value for shareholders beyond these transactions.”

Founded in 2024, Splitstone Capital LLP specialises in acquiring UK- and Ireland-headquartered non-core divestment opportunities in the industrial and business services sectors.