Splitstone Capital has entered into an agreement to acquire Ecobat Resources UK Limited, the leading UK battery recycling business, in a strategic move to enhance investment in sustainable practices.

Information on the Target

Splitstone Capital LLP has announced a binding agreement to acquire Ecobat Resources UK Limited (ERUK), the leading recycler of lead-acid batteries in the UK. With annual revenues of approximately £190 million, ERUK is recognized for its significant contributions to the circular economy, particularly in recycling and processing used batteries.

Based in Matlock, Derbyshire, ERUK operates Europe's largest advanced lead battery recycling facility, along with a sheet lead production site in Welwyn Garden City. This combination positions ERUK as the UK's largest integrated lead recycling and refining operation. The company has established a strong track record in recovering over 99.97% of the lead content in used batteries, transforming scrap lead into refined lead, alloys, and lead sheets while generating viable by-products for sale.

Industry Overview in the UK

The battery recycling industry in the UK is critical in addressing the growing environmental concerns related to waste management and resource recovery. With the increasing shift towards electric vehicles and renewable ener