May 16, 2020

Amplify buys Tyrrells for £300 million

Tyrrells
crisps
food industry
Amplify
Nell Walker
1 min
Amplify buys Tyrrells for £300 million
British crisp manufacturer Tyrrells has agreed to an acquisition by US snack company, Amplify, to the tune of £300 million.

Tyrrells is known in...

British crisp manufacturer Tyrrells has agreed to an acquisition by US snack company, Amplify, to the tune of £300 million.

Tyrrells is known in the UK as an ‘upmarket’ crisp business, its product range including mixed vegetable crisps, beetroot crisps, and premium popcorn known as Poshcorn.

Amplify is buying Tyrrells from its current owner, Investcorp, with £278 million in cash and the rest in shares.

Amplify is a major business in the US snack industry, owning the popular SkinnyPop brand. It will keep Tyrrells’ current Chief Executive, David Milner, as its International President.

Tyrrells was founded in 2002 by a potato farmer called William Chase when he decided that crisps were more profitable to sell to supermarkets than raw potatoes. He sold the company six years later for £40 million, and set up a distillery for making premium spirits.

Tyrrells generated £85 million in net sales in 2015, and international sales account for 40 percent of its revenue. This acquisition is set to increase the company’s global each even further.

 

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May 12, 2021

Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing

SustainableManufacturing
BatteryCell
EVs
Automotive
2 min
Ultium Cells LLC and Li-Cycle join forces to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

 

What is Ultium Cells LLC?

Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”

Who is Li-Cycle?

Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.

As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”

Why are Ultium Cells LLC and Li-Cycle join forces?

By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.

“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).

"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.

"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.

Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.

"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.

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