GreenMan Technologies Inc. has purchased West Bend-based tire recycler An-Gun Inc. for an undisclosed amount.
Since Jan. 1, the company has been operating as GreenMan Technologies of Wisconsin Inc.
Purchase of the property represents more than $1 million of additional revenue annually for GreenMan, according to Chief Financial Officer Chuck Coppa.
``Right now the facility is doing about 1 million tires a year, but we expect to see that growing to 2-4 million,'' Mr. Coppa said. He didn't give any timetable for achieving the company's scrap tire processing goals in Wisconsin, but he did say GreenMan was already installing new equipment at the West Bend plant.
The former An-Gun provides scrap tire collection services in Wisconsin, Illinois, Indiana, Michigan and Iowa, and complements GreenMan's existing business base in the upper Midwest, said Mark Maust, GreenMan vice president of operations and president of GreenMan of Wisconsin.