Exide Technologies will now conduct its US business under a new name—Stryten Manufacturing—according to the lead-acid batteries maker’s new owner Atlas Holdings.
Atlas, which purchased most of Exide’s US business in late July, said in a recent media statement that it was also launching a recycling and tolling company under the brand name Element Resources.
Stryten will be headquartered in Milton, Georgia. Meanwhile, Element Resources will own and operate recycling facilities in Muncie, Indiana, and Canon Hollow, Missouri. While the former will produce and sell new lead-acid batteries through its facilities in Missouri and Louisiana, the latter will recycle batteries manufactured by Stryten as well as other batteries manufacturers, Atlas noted.
Exide, which had first received a bid from EX Holdings for its American business, was eventually sold to Atlas Holdings in August, with the latter purchasing most of the battery maker’s assets in the US under a court-supervised sales process.