Ecobat Completes Sale of European Lead Operations to Clarios
Ecobat has finalized the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios, marking its exit from the European market. This strategic move aligns with Ecobat's focus on North American operations following previous divestments in multiple countries.
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Ecobat has divested its German and Austrian battery recycling and lead operations to Clarios, completing its exit from the European lead market. The sale involves facilities located in Freiberg and Braubach, Germany, and Arnoldstein, Austria, following earlier divestments in France, Italy, and the UK.
This transition allows Ecobat to concentrate on its North American business. Clarios' acquisition enhances its European battery recycling capabilities amid increasing production of advanced lead and lithium-ion batteries. The financial details of the transaction remain undisclosed.
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