Lancaster-based Ecore International, a global leader in rubber materials reclamation announced it had acquired tire collection and recycling leader, HTI Recycling.
Ecore said the acquisition includes HTI subsidiaries Edge Rubber Recycling And D&G Heavy Equipment Leasing, and that the acquisitions would bring together family-run businesses with the shared vision of delivering high-quality products and services that support moving to a more circular economy.
“This acquisition is a meaningful step in Ecore’s strategy to rid the world of rubber waste by strengthening our supply chain and expanding our scale. We are constantly evaluating opportunities to build on our core strategy of circularity and this acquisition helps to carry this forward,” Art Dodge, CEO of Ecore, said. “Like Ecore, Derek Martin and the HTI team have established an impressive record of accomplishment of service and quality at all stages of the recycling process, which we have seen first-hand throughout our years of partnership. We are excited to welcome HTI to the Ecore team as we work together for a more sustainable future.”
As part of this acquisition, Ecore welcomes 81 new employees to the team. Together, Ecore and HTI will drive innovation in materials science and transportation and bring materials back to life for the good of our environment, communities, and businesses.
“HTI has long been an excellent partner for Ecore’s materials business,” Kal Krishan, president of Ecore’s Materials Business Unit, said. “This acquisition will further bolster our supply chain and build on existing capabilities to deliver for our customers.”