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Americas

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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U.S. Vanadium buys vanadium flow battery electrolyte firm

Wed, 10/16/2019 - 14:40 -- Paul Crompton

U.S. Vanadium Holding Company LLC purchased a facility in the Americas that produces high-purity vanadium pentoxide (V2O5) from Evraz Stratcor, the US subsidiary of Evraz the company whose majority shareholder is Russian billionaire Roman Abramovich.

The facility, in Hot Springs, Arkansas, can produce V2O5 at high purity levels required by vanadium redox flow batteries.

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