ADA, Okla. (March 12. 2002)—Two tire recycling firms—GreenMan Technologies Inc. and Able Tire Co. LLC—have opened a joint venture in Ada, Able Tire of Oklahoma LLC.
Lynnhaven, Mass.-based GreenMan expects Able Tire of Oklahoma to provide more than 1 million tires annually to cement kilns in Oklahoma.
“We identified opportunities in Oklahoma, and contacted Able since they operate in that state,” said GreenMan CFO Chuck Coppa.
GreenMan, the joint venture's majority owner, is responsible for finance and administration for the 12-man Oklahoma operation, while Able Tire handles marketing and operational management.