Heritage-Crystal Clean, Inc., a leading provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling and field services primarily focused on small and mid-sized customers, announced an investment in its battery recycling partner, HBR Retriev Holdco, LLC, through its operating subsidiary, Heritage-Crystal Clean, LLC.
Retriev is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. Retriev is the only complete service provider for lithium and cross-chemistry in the industry, offering battery-centric logistics, collection program solutions and second-life applications. This investment, together with the logistics services agreement HCC executed with Retriev earlier this year, positions HCC to further capitalize on the opportunity to provide comprehensive collection and recycling services to businesses throughout the U.S. and Canada.
The circular battery supply chain is complex. Ensuring a robust network of battery-centric logistics focused on safety and compliance are critical to the success of this sector. HCC’s strategic locations will support Retriev’s growing demand in end-of-life battery collection and logistics.
“We are very excited with this investment as we believe it provides a great opportunity for our shareholders to benefit further from the growing electrification of our economy,” said Brian Recatto, President and CEO, HCC. “We believe this puts us in a great position to assist our current customers and future generations in achieving their sustainability goals.”