June 19, 2019: Lead battery manufacturer and recycling firm Exide Technologies is to sell its European business, a spokesperson has confirmed to Batteries International. Rumours to that effect had been circulating following a confidential announcement to staff made towards the end of May.
The company would not give any details or make a comment, but the European side is thought to make up approximately 60% of the company’s business, operating four transportation plants, five industrial plants, three recycling plants and two R&D facilities in Europe.
Exide has made a string of senior management changes in recent months, following the appointment of Tim Vargo as CEO in November 2018.
source of information: http://www.batteriesinternational.com/2019/06/21/exide-technologies-to-sell-its-european-business/
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