GreenMan Acquires Tire Recycler

GreenMan Technologies, Inc. has acquired the operations of An-Gun, Inc., a Wisconsin-based scrap tire processor.. GreenMan will manage the operations under the name of GreenMan Technologies of Wisconsin, Inc.

An-Gun was founded in 1990 and provides scrap tire collection services in Wisconsin, Illinois, Iowa, Michigan and Indiana.

Mark Maust, GreenMan's vice president of Operations and president of GreenMan of Wisconsin, said " The addition of An-Gun to the GreenMan family complements our existing business base in the upper Midwest by providing us with a seasoned management team and a solid market presence in greater Milwaukee and surrounding areas. With an estimated 25 million scrap tires generated per year in this portion of the United States, the merged resources of GreenMan and An-Gun, will present numerous opportunities to expand our combined market presence."

Bob Davis, GreenMan's CEO stated " We believe that the limited successes within our industry are due to industry disaggregation among small and under-capitalized companies for recycling tires. An-Gun has done a great job identifying and securing end markets for their products as well as cultivating a diversified customer base within the surrounding five state area. This is why merging our resources makes good business sense. "

Davis added, "We firmly believe our company can successfully consolidate numerous opportunities like An-Gun with a focus on superior customer service and ultimately become the benchmark for the tire recycling industry."