Splitstone Capital to acquire battery recycling and specialty lead UK operations of Ecobat.

Splitstone Capital, a private equity firm engaged in investing in and managing mid-market businesses with a focus on operational improvement and long-term value creation, agreed to acquire battery recycling and specialty lead UK operations of Ecobat, a global recycling and resource recovery company engaged in collecting, recycling, and repurposing batteries and other lead-based materials to support sustainable energy storage solutions. Financial terms are not disclosed. "We are pleased to announce the sale of our U.K. operations. 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 U.S. and lithium-Ion battery recycling operations. Ecobat will continue to pursue additional opportunities to maximize value for shareholders beyond these transactions," Tom Slabe, Ecobat President and CEO.