Ecore acquires New York tire processing firm

Lancaster, Pennsylvania-based Ecore International, a maker of products derived from materials harvested from end-of-life tires (ELTs), has acquired scrap tire collection and processing firm HTI Recycling, Lockport, New York.

HTI is a tire collection, recycling, reuse and crumb rubber manufacturer that, according to Ecore, has become a leader in tire recycling in the Northeast United States.

According to Ecore, the acquisition includes HTI subsidiaries Edge Rubber Recycling and D&G Heavy Equipment Leasing and brings together family-run businesses with a shared vision: "delivering high-quality products and services that support a move toward a more circular economy."

HTI traces its roots to founder Derek Martin’s early work reclaiming and recycling used Guinness beer barrels. Together with his son, Carl E. Martin, Derek Martin expanded the firm’s services into the tire recycling and rubber products manufacturing sectors.

“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,” Ecore CEO Art Dodge says. “We are constantly evaluating opportunities to build on our core strategy of circularity and this acquisition helps to carry this forward.

“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 the acquisition, Ecore will welcome 81 new employees to the company.

Ecore engages in upcycling ELTs, including through its TRUcircularity program, designed to allow customers to reclaim their end-of-life rubber so Ecore can convert it into flooring surfaces.

"HTI has long been an excellent partner for Ecore’s materials business," Ecore Materials President Kal Krishan says. "This acquisition will further bolster our supply chain and build on existing capabilities to deliver for our customers."