GreenMan Acquires Tire Recycling Company

GreenMan Technologies, Inc. has completed the acquisition of all tire collection operations of American Tire Disposal, Inc., a southern California based company in the business of collecting and marketing scrap tires. GreenMan will consolidate ATD's business into its existing California operations.

Jim Dodenhoff, GreenMan's California vice president stated, "This acquisition firmly establishes GreenMan's position as a collector of scrap tires in the Southern California marketplace. The addition of these collection operations will both complement our crumb rubber manufacturing business and diversify our overall business providing a platform for continued growth."

Bob Davis, GreenMan's President and CEO, said, "A transportation arm had been lacking in our southern California operations. This acquisition also complements the recent doubling of our crumb rubber processing capacity in California and strengthens our belief that California presents a highly favorable opportunity for accretive growth."