UK firm Enva has purchased SAR Recycling in a deal worth a reported €20 million ($22 million).
Enva, a recycling and resource recovery company, bought the battery scrap and recycling provider in a bid to expand into the lead-acid and lithium-ion battery recycling market.
Simon Dick, Enva’s managing director, called the move a logical extension of the company’s waste recovery business in the automotive sector. Additionally, SAR’s customer bases in England and Ireland overlap as Enva’s key markets.
The materials SAR recovers are sold to smelters around the world, as well as to the plastics recycling industry. Enva’s waste recovery business segment comprises tank cleaning, forecourt services, bodyshop services, and draining, among other services.