Ecobat Finalizes Sale of Italian Recycling Business to Haiki

According to a company statement released this week, Ecobat, a global leader in battery recycling, has officially completed the sale of its battery and polypropylene recycling operations in Italy to Haiki+ S.p.A., a company active in the environmental and circular economy sectors.

The transaction includes Ecobat’s recycling facilities located in Marcianise, Paderno Dugnano, and Bologna, and signifies the company’s strategic exit from the Italian market. According to Ecobat’s official website, this divestiture is part of a broader effort to streamline the company’s geographical footprint and focus on markets with higher growth potential.

“We are pleased to announce the completion of this transaction involving our Italian recycling operations,” said Tom Slabe, President and CEO of Ecobat. “This sale marks yet another step forward in our strategic efforts to optimize Ecobat’s geographic footprint. We will continue to pursue additional opportunities to maximize value for shareholders beyond this transaction.” He added, “We are confident that Haiki’s commitment to innovation and sustainability will provide a solid platform for the continued success of the Italian business.”

According to public filings, Haiki+ S.p.A. is listed on Euronext Growth Milan under the ticker BIT: HIK and operates four core divisions focused on advancing Italy’s circular economy.

Pirola Corporate Finance acted as financial advisor to Ecobat, while legal counsel was provided by ADVANT Nctm.

Source: Ecobat