Business Sale: Ecobat Transfers Italian Operations to Haiki
In a significant move announced on July 1, 2025, Ecobat has completed the sale of its battery and polypropylene recycling business in Italy to Haiki + S.p.A. This strategic decision marks Ecobat's exit from the Italian market and signifies a step forward in Ecobat's efforts to optimize its geographic footprint.
According to Ecobat's President & CEO, Tom Slabe, this sale represents a crucial step in their strategic efforts to refine their geographic focus and pursue further opportunities to enhance value beyond this transaction. The sale includes Ecobat's facilities in Marcianise, Paderno Dugnano, and Bologna.
Haiki, with its strong commitment to innovation and sustainability, is expected to provide a strong platform for the continued success of the Italian business. Ecobat expressed confidence that the Italian business, now under Haiki's management, will thrive under its new ownership.
Ecobat's decision to divest its Italian operations is part of a broader strategy to streamline its global presence and focus on markets where it can maximize shareholder value. The company has not divulged any further details about its future plans, but it is clear that this move is a significant step towards Ecobat's goal of concentrating on core markets.
ADVANT Nctm and Pirola Corporate Finance acted as legal and financial advisors, respectively, to Ecobat on the transaction. The announcement was made via PRNewswire. Ecobat continues to seek additional opportunities to create value for shareholders beyond this transaction.
As Ecobat moves forward, it remains committed to its mission of fostering a sustainable future through recycling. The company's strategic decision to sell its Italian operations to Haiki is a testament to its commitment to optimizing its business for long-term success.
In light of this transaction, Ecobat's President & CEO, Tom Slabe, stated that the sale is a crucial step in their strategic plan to refine their geographic concentration and explore more avenues to elevate value beyond this deal. Continuing with their mission of promoting sustainability, Ecobat believes that the Italian business, now under Haiki's management, will prosper and flourish under its new ownership in the business sector.
