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Exide technologies

Private investment affiliate buys troubled lead-acid battery firm Exide Technologies in bankruptcy auction

Fri, 07/24/2020 - 11:59 -- Paul Crompton

An auction for lead-acid battery firm Exide Technologies’ Americas business closed last week with a winning proposal from an affiliate of US private investment firm Atlas Holdings.  

Under the terms of the proposed agreement the affiliate of Atlas will acquire all of Exide's ongoing Americas business and operations for around $179 million and assume certain liabilities related to the acquired assets.

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Lead battery maker Exide Technologies receives ‘Stalking Horse’ bid for Americas business from US recycling firm

Fri, 07/10/2020 - 11:15 -- Paul Crompton

Troubled US lead-acid battery maker Exide Technologies has entered into an agreement to sell its Americas business operations to EX Holdings, a wholly owned subsidiary of secondary lead producer Quexco Incorporated.

The Stock and Asset Purchase Agreement includes a ‘Stalking Horse’ bid of around $170 million in cash subject to adjustments, along with the assumption of certain liabilities related to the acquired assets. 

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Exide files for Chapter 11 bankruptcy as it looks to value-maximise sale of its businesses

Tue, 05/19/2020 - 17:00 -- Paul Crompton

US lead-acid battery maker Exide Technologies has agreed to sell its EMEA and Asia Pacific business and plans to sell its North America interest as it faces down its third Chapter 11 crisis in two decades.

The announcements come as the company and some of its US subsidiaries filed voluntary Chapter 11 petition of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

The Georgia-headquartered firm began voluntary Chapter 11 proceedings to facilitate the sale of its North American operations.

In a letter to its suppliers on 19 May, the firm said it had entered into an agreement to sell the EMEA and Asia Pacific business to an ad-hoc group of its noteholders.

The EMEA and South Pacific business is not included in the Chapter 11 proceedings and continues to operate as a stand-alone company independent from Exide Americas.

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CBI takes inspiration from lithium-ion to study cycling reactions in lead batteries

Thu, 12/05/2019 - 15:18 -- Paul Crompton

The Consortium for Battery Innovation (CBI) is investigating ways to understand the charge/discharge reactions that occur in lead batteries with its members Exide Technologies and ICMA (the Aragon Materials Science Institute). 

The project uses neutron diffraction to study lead batteries, with researchers finishing analysis from an initial study before conducting further neutron work.

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New markets and better batteries to drive Pb growth in Africa

Wed, 07/10/2019 - 14:19 -- News Editor
New markets and better batteries to drive Pb growth in Africa

The lead-acid market in Africa is expected to grow by just over 5% CAGR to more than US$1 billion by 2021, according to a report by market analysts Transparency Market Research.

The continent’s lead–acid market will be led by global manufacturers Exide Technologies, Dixon Batteries, First National Battery, EnerSys, and Johnson Controls, predicts the company in its report Lead Acid Battery Market Report 2018-2026.

 

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Exide Technologies eyes growth after recapitalisation

Fri, 06/28/2019 - 11:41 -- John Shepherd
Exide Technologies eyes growth after recapitalisation

US battery manufacturer Exide Technologies has expansion in its sights after completing “comprehensive” new financing and recapitalisation of the business.

As part of the recapitalisation, Exide said it had issued US$150 million of new international notes generating net proceeds of around $125m.

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ABC, Exide Technologies appoint chief operating officers

Sun, 06/23/2019 - 14:21 -- John Shepherd
ABC, Exide Technologies appoint chief operating officers

US bipolar battery tech company Advanced Battery Concepts (ABC) has appointed former Trojan Battery Company executive, Michael Everett, as chief operating officer.

Everett (pictured), who was most recently Trojan’s senior vice-president of engineering, is also a former chief technical officer of Maxwell Technologies, the California- based ultracapacitor firm recently acquired by Tesla.

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Exide invests in VRLA storage plus solar at Portugal plant

Fri, 04/12/2019 - 10:14 -- Hugh Finzel

US battery manufacturer Exide Technologies is investing in a solar power facility coupled with VRLA battery storage at its production plant in Castanheira do Ribatejo in Portugal.

Another solar facility will be installed at Exide’s recycling plant in Azambuja, Portugal.

The solar-plus-storage system will pair 500kWh worth of Sonnenschein A600 VRLA from GNB— a division of Exide Technologies— with solar. The two sites will have a combined total of around 10,000 solar photovoltaic panels, with a total generating capacity of 3.8MWp. The company said this was equivalent to the power requirements of more than 2,000 homes.

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ALABC joins Argonne Lab for next-gen lead batteries study

Mon, 10/22/2018 - 00:00 -- John Shepherd

Lead-acid battery technology is to undergo a “high-tech makeover” under a research agreement between members of the Advanced Lead Acid Battery Consortium (ALABC) and the US Department of Energy’s (DOE) Argonne National Laboratory.

Fourteen ALABC members have signed up for the science programme, which Argonne said would focus the lab’s “resources and expertise on improving the performance of lead batteries, to assist the industry in meeting market demands for existing applications and for new applications”.

The nine full members of the programme include Crown Battery Manufacturing Company, Doe Run Resources Corporation, East Penn Manufacturing Company, EnerSys, Exide Technologies, Johnson Controls, NorthStar Battery Company, RSR Technologies and the Trojan Battery Company. The five associate members are Superior Graphite, Microporous, Cabot Corporation, Borregard Lignotech and Advanced Battery Concepts.

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EU misguided on battery thinking

Mon, 06/18/2018 - 10:07 -- Anonymous
EU misguided on battery thinking

A fresh call for the European Commission to rethink its ideas on battery regulation with regard to REACH and ELV was made last week by Chis Herron, of the lobby group Eurometeaux, which represent the non-ferrous metals industry.

Speaking at a half-day Eurobat forum in Brussels, Herron hit home hard with a simple proposition: “If Europe wants a battery industry to match its clean mobility goals, it must have a healthy metals sector.” And that is under threat from current and future scrutiny.

 

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