Ecobat continues to rationalize its portfolio and completed the sale of Jimco Group, responsible for its leadership and industrial operations in the South. Africato AutoX.
dallas and johannesburg, October 24, 2023 /PRNewswire/ — Ecobat, a global leader in battery recycling, and AutoX Proprietary Limited announce that Ecobat has completed the sale of its southern operations. Africato Zimco Group Proprietary Limited, AutoX.
AutoX
Composed of seven businesses operating in diverse markets in three countries, the Zimco Group includes Fry's Metals, Castle Lead Works, Associated Additives, Zimco Metals, G&W Mineral Resources, Dutton Plastics and Sondor Performance Foams. Investec Bank Limited acted as financial advisor to Ecobat and White & Case acted as legal advisor in connection with the transaction. Bowman Gilfillan served as his AutoX general counsel. weber wentzel Advisor on competition regulatory approvals.
marcus randolphEcobat's CEO said, “I would like to thank the Zimco Group management and employees across the South.” Africa We thank them for their service and dedication. The sale advances his Ecobat strategic efforts to focus on the company's core business of battery recycling. North America and Europe. ”
AutoX CEO Glenn Geldenhaus said, “The acquisition of Fry's Metals through the acquisition of Zimco Group forms part of AutoX's strategic intent regarding vertical backward integration, and AutoX “It will give us greater control over our supply chain in the marketplace.” “This also has the added benefit of increasing overall efficiency and providing opportunities for greater control over the manufacturing process. To date, Fry's Metals has been AutoX's long-standing supplier and lead his recycling partner. is.”
For more information, please contact us below.
Ecobat: [email protected]
AutoX: [email protected]
About Ecobat
Ecobat is the world's largest battery recycler. Ecobat has decades of experience in recycling and producing lead-acid battery materials and is now applying its global capabilities, infrastructure and market knowledge to recycling lithium-ion battery materials. To learn more about how we are transforming energy storage, please visit www.ebabat.com.
About AutoX
AutoX is South Africa's leading manufacturer of automotive lead-acid batteries and distributor of the well-known Willard and Sabat battery brands as well as white label brands. AutoX is also an authorized distributor of VARTA car batteries. AutoX serves both the OEM and aftermarket replacement battery sectors and supplies approximately 3,000 vehicle replacement retailers nationwide. South Africa Also, England. AutoX also offers battery series covering deep cycle and leisure applications, gel batteries, and specialty battery applications such as lithium batteries for the solar and renewable energy markets, along with related solar system products and solutions. Masu. AutoX also offers motorcycle parts and accessories. In 2017, Trinitas Private Equity (“Trinitas”) acquired a majority stake in his AutoX through an acquisition transaction. Visit www.auto-x.co.za
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