Retriev Technologies acquires Battery Solutions, makes steps towards EV battery circular economy
Retriev Technologies has acquired Battery Solutions. The acquisition brings two complementary companies together to create a battery management solution in North America.
Battery Solutions' cross-chemistry collection, battery-centric logistics network, end-of-life battery sorting services in North America, and customer-centric approach to end-of-life battery management complements Retriev's battery processing operation. Battery Solutions has a portfolio that services the entire end-of-life battery lifecycle for EVs, telecommunications, consumer collection, waste management sectors, and more.
"The opportunity to deliver upon North America's need for an end-of-life reuse solution for batteries that involves critical materials recycling at scale creates an extremely competitive value chain for the United States," said David Klanecky, CEO of Retriev Technologies. "Our combined assets and talented team enable us to be the only player in the industry that has the capability to collect, transport, sort, and process every type of battery at every touchpoint from the end of one life cycle to the beginning of another. This creates a substantial material ‘resource' for auto OEMs and battery manufacturers in the circular supply chain."
Retriev's operations include battery recycling and sorting facilities in Lancaster and Baltimore, Ohio, and Brea, California, as well as Trail, British Columbia. Battery Solutions brings added processing, sorting, fulfillment, logistics, and storage solutions with their 95,000-square-foot facility in Wixom, Michigan, and a 60,000-square-foot facility in Mesa, Arizona.
Retriev's newly combined offering has the infrastructure to develop customized solutions for both large and small customers that simplifies the collection process and reduces conversion time. The current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications, and consumer products.
"Global EV and electrification trends are accelerating at rates that both drive scarcity of natural resources on the front end and necessitate careful end-of-life management to harness recycled natural resources," said Thomas Bjarnemark, CEO of Battery Solutions. "Contributing to the circular economy model is a core focus of Battery Solutions, and this integration with Retriev brings us a huge step closer to making that a reality."
In late 2021, Retriev combined with Heritage Battery Recycling to form the largest lithium-ion battery recycler in North America, according to the company. The deal expanded Retriev's collection and transportation network through partnerships with Heritage Environmental Services (HES) and Heritage-Crystal Clean.