PHOENIX (June 21, 2000)—PolyTek Rubber & Recycling Inc. has acquired NRI Industries Inc.´s crumb rubber processing facilities in Flat Rock, Mich., and Chambersburg, Pa., for an undisclosed amount.
These purchases make PolyTek, a four-year-old, privately held Phoenix-based firm, the largest crumb rubber producer in the world, with capacity of more than 150 million pounds annually, according to Clay Richards, PolyTek´s vice president of marketing.
The company will add employees at both facilities and possibly transfer personnel from one plant to the other, Mr. Richards said without giving details. PolyTek´s other crumb rubber plants are in Queen Creek, Ariz.; Bristow, Okla.; and Johnson City, Tenn.
Ted Pattenden, president and CEO of Toronto-based NRI, said his company had originally opened the Michigan and Pennsylvania crumb rubber facilities to assure a steady supply of raw materials for its recycled-rubber automotive parts business. Now, however, there are plenty of crumb rubber suppliers.
"What really made our decision for us was that we really wanted to focus our capital on our parts operation," Mr. Pattenden said. "For PolyTek, these plants are their core business; for us, it´s auto parts."
Mr. Richards said PolyTek will continue to focus its crumb rubber sales on four market segments: asphalt rubber, extruded and molded goods, sports surfaces and the new-tire industry. NRI is concentrating on expanding its presence in thermoplastic elastomers, Mr. Pattenden said.