HELM AG completes full acquisition of Lithium joint venture LevertonHELM
Basingstoke, UK and Hamburg, Germany (August 24th, 2023)
In late 2021, Leverton Lithium and HELM AG joined forces to become a leading European supplier of Lithium based battery materials and derivatives. Following the formation of the joint venture, LevertonHELM continued to develop and implement its strategic plans for expansion to scale up manufacturing capacity of battery grade Lithium chemicals.
David Hicks is stepping down from his role as CEO of LevertonHELM and will no longer be involved in the operations of the company. COO of LevertonHELM Stephen Elgueta takes over as Business Lead.
David Hicks – LevertonHELM
“The formation of the joint venture with HELM AG has allowed us to accelerate our growth, and I believe the time is right for me to hand over the reins to Stephan Schnabel and his team. I am sure they will continue to develop the company to become a major contributor to the success of the European battery industry, and I wish them all the best for the future.”
Stephan Schnabel – HELM AG
“We are delighted to make this announcement and to complete the planned acquisition of LevertonHELM. LevertonHELM is the core of our Business Unit Energy Materials. As HELM we are fully committed to the investment plans to develop LevertonHELM as one of Europe’s leading Lithium companies, becoming an integral part of the electromobility value chain.”
LevertonHELM was founded as a joint venture in January 2022, merging the expertise of Leverton Lithium and the global reach of HELM AG to scale up manufacturing capacity of battery grade Lithium chemicals in Europe. Prior to the joint venture Leverton Lithium had been a manufacturer of high-quality Lithium chemicals for 45 years. Today the company has a global customer base across 60 countries and manufactures from two sites in Basingstoke, UK.
About HELM AG
HELM is a Hamburg, Germany, based family-owned company established in 1900. Today, HELM operates as a global chemical company with over 100 offices, distribution centres and joint ventures in over 40 countries. The company is committed to providing solutions for its partners worldwide that support a successful transformation to a sustainable economy and society. In this development stage partnerships play an essential role and are therefore part of HELM’s DNA.