18-07-2025
- Business
- Wall Street Journal
Aleon Metals Engages Restructuring Counsel
Aleon Metals, a metals recycler and processor, has tapped restructuring lawyers from Morrison & Foerster to advise on efforts to revamp its troubled balance sheet, according to people familiar with the matter.
The Freeport, Texas-based private company has struggled with operational issues, the people said. Aleon is considering a potential sale to an outside investor as part of its restructuring or handing over control of the company to its creditors, according to one of the people.
Aleon and Morrison & Foerster didn't respond to requests for comment.
Founded in 1973, Aleon describes itself as a leader in recycling catalyst and lithium-ion batteries, focusing on the recovery of strategic metals for infrastructure and renewable energy. According to its website, Aleon is the world's largest recycler of spent petroleum catalysts.
