JOHNSTOWN, Ohio (Nov. 8, 2016) — Tire repair materials producer Technical Rubber Co. Inc. has acquired Salvadori S.r.l., an Italian supplier of tire, retread and industrial rubber repair products and producer of equipment used in converting scrap tires and plastics to usable products.
The acquisition of Rovereto, Italy-based Salvadori will add rubber recycling to Tech Rubber's business mix, which is in line with the Johnstown-based company's “4r Future” — repair, reuse, recycle and repurpose — growth strategy, according to Tech CEO Dan Layne.
“This acquisition augments our tire repair and wheel service product range and facilitates our entry into the tire recycling industry,” Mr. Layne said. “We expect the businesses will continue to thrive and deliver solutions for our collective customer bases, and provide additional growth opportunities for our team.”
Financial aspects of the deal were not disclosed.