Trafigura, a supplier of commodities, has purchased Ecobat Resources Stolberg GmbH, which owns the Stolberg multi-metals processing plant in Germany.

The Stolberg plant will be operated and managed by Nyrstar, a multi-metals mining company owned by Trafigura.

“The sale of ERS is consistent with our strategy to concentrate on our core business of battery recycling and represents a significant step in the rationalization of our portfolio,” said Marcus Randolph, CEO of Ecobat.

Rothschild & Co acted as financial advisor and White & Case acted as legal advisor to Ecobat on the transaction.