Splitstone Capital completed the acquisition of the battery recycling and specialty lead UK operations of Ecobat.

Splitstone Capital, a private equity firm engaged in investing in and managing mid-market businesses, completed the acquisition of the 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 were not disclosed. "With this closing, we've executed on our strategic plan to reposition the business, Our exit from the U.K., together with previously announced divestitures in France, Italy, Germany, and Austria, allow Ecobat to sharpen its focus on North America and our 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.