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Quexco Incorporated.

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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