Exide Technologies

Company Profile

■URL

http://www.exide.com/

■Address

Building 200, 13000 Deerfield Parkway Milton, Georgia 30004 USA

Business Overview

-The Company is a global leader in stored electrical energy solutions and one of the largest manufacturers of lead acid batteries used in transportation, motive power, network power and military applications.

-The Company is organized into four principal business segments which are listed below:

  • Transportation Americas
  • Transportation Europe and Rest of World ("ROW")
  • Industrial Energy Americas
  • Industrial Energy Europe and ROW

-Transportation segments represented 59.2% of the Company's net sales in the fiscal year ended March 31, 2014.

-As of March 2014, the Company supplied batteries for five of the ten top-selling vehicles in Europe. The Company had the third largest market share of batteries in the Americas and second largest market share in Europe.

Emerging from Chapter 11 Bankruptcy

-In June 2013, the Company filed a voluntary petition for relief under Chapter 11 bankruptcy for its U.S. operations. The Company's Plan of Reorganization was confirmed by the U.S. Bankruptcy Court in March 2015. The Company emerged from Chapter 11 bankruptcy as a private company in April 2015.

Competitors

-East Penn Manufacturing
-Johnson Controls

Shareholders

-Unlisted company

Products

Batteries
-Starting, lighting and ignition (SLI) flooded batteries
-Advanced lead-acid batteries for micro-hybrid and Start & Stop vehicles
-Flat plate Absorbed Glass Mat (AGM) batteries
-Micro-hybrid flooded batteries

History

1888 The Company was founded in 1888 as The Electric Storage Battery Company.
1974 The Company was acquired by a subsidiary of INCO Ltd., Principals of The Spectrum Group, Inc.
1983 Other investors acquired the Company from INCO Ltd.
May 1987 Acquired General Battery.
Aug. 1989 The Company's issued and outstanding shares of common stock were acquired by EC Acquisition, Inc. ("ECA"). Immediately after the acquisition, ECA transferred all of the common stock to ECA's wholly owned subsidiary, EC Merger, Inc. ("ECM").
Jun. 1991 Sold substantially all of the assets relating to its industrial division to Yuasa Battery (America), Inc., a California corporation affiliated with Yuasa Battery Co. Ltd. of Japan.
Dec. 1999 Sold its speed clip business to Prestolite Wire Corp as part of its program to divest non-core assets.
Dec. 1999 Acquired a controlling interest in Lion Compact Energy a privately held company conducting research in dual-graphite battery technology.
Dec. 1999 Sold its battery separator operations in Corydon, Indiana to Daramic.
Feb. 2000 Sold its battery charger operations to Midtronics Inc.
Sep. 2000 Acquired GNB Technologies.
Aug. 2001 Present name adopted.
Apr. 2002 The Company and three of its wholly owned, U.S. subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the federal bankruptcy laws in the United States Bankruptcy Court for the District of Delaware.
Nov. 2002 Two additional wholly owned, non-operating subsidiaries of the Company filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court.
Nov. 2012 Formed a strategic alliance with Maxwell Technologies, Inc.
Jun. 2013 Filed voluntary petitions for relief under Chapter 11 bankruptcy for its U.S. operations.
Apr. 2015 Emerged from Chapter 11 bankruptcy as a private company.

Supplemental Information 1