Freudenberg Acquires Lithium Battery Maker XALT Energy

By Mark Kane XALT Energy has new owner
German company Freudenberg Sealing Technologies has increased its stake in Midland, Mich.-based XALT Energy from 31% in March 2018 to more than 50%, becoming a majority stakeholder of the company. Within a few years, Freudenberg intends to acquire the remaining shares.
XALT Energy is a small lithium-ion …read more