MUBAI, India (Aug. 21, 2015) — Alliance Tire Group is looking to leverage its ongoing environmental sustainability efforts for more “tangible cost savings” as part of a Green Portfolio Program (GPP) operated by its private equity owner, KKR Group.
KKR describes GPP as an “operational improvement program” that uses an environmental lens to assess critical business activities of KKR's participating private equity portfolio companies. KKR bought a controlling interest in ATG in April 2013, acquiring the undisclosed share from an affiliate of private equity firm Warburg Pincus.
ATG's management has worked with KKR and members of KKR Capstone — an independent team of operational executives who work exclusively with KKR portfolio companies — since 2013 to measure ATG's coal consumption energy usage and its scrap losses.