GREENVILLE, S.C. — Michelin North America Inc. has acquired scrap tire processor Lehigh Technologies Inc. as part of its strategy to help to foster the use of recycled rubber materials in tire and non-tire applications.
The purchase price was not disclosed.
Tucker, Ga.-based Lehigh processes scrap tires into what it calls "micronized" rubber powders (MRPs). About 65 percent of Lehigh's MRPs are used for tire-related applications, the company has said in the past.
The company uses a patented cryogenic turbo mill technology to transform rubber from scrap tires and industrial goods into materials for new tires and other products, reducing the initial amount of raw materials needed, such as elastomers and fillers from oil- and rubber-based sources.
"We are always looking for ways to achieve safer and more sustainable mobility, including by using high-technology recycled materials, without compromising safety or other performances, while consuming less of the natural resources that are available in finite stocks," said Pete Selleck, chairman and president of Michelin North America.