Retriev Technologies acquires Battery Solutions

Retriev Technologies, a lithium battery recycler based in Indianapolis, has acquired Battery Solutions, a provider of end-to-end management solutions for end-of-life batteries and consumer electronics based in Detroit.   

Retriev says 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 its existing operations.   

The company says Battery Solutions has a strategic national footprint with an expansive portfolio that services the entire end-of-life battery life cycle for electric vehicles, 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,” says David Klanecky, CEO of Retriev Technologies. “Our combined assets and talented team enable us to be the only player in the industry that can 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 automotive original equipment manufacturers and battery manufacturers in the circular supply chain.”  

Retriev’s operations include battery recycling and sorting facilities in Lancaster and Baltimore, Ohio, and in  Brea, California, and 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 expertise and infrastructure to develop customized solutions for both large and small customers that simplify the collection process and reduce the conversion time. The company says the current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications and consumer products.  

“Global [electric vehicle] 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,” says 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.”  

Last October, Retriev says it combined Heritage Battery Recycling to form the largest lithium-ion battery recycler in North America. The deal expanded Retriev’s collection and transportation network through partnerships with Heritage Environmental Services, Indianapolis, and Heritage-Crystal Clean, Elgin, Illinois.