GreenMan divests Tennessee scrap tyre business

Lynnfield, Massachusetts — As it promised earlier, tyre recycler GreenMan Technologies Inc. is closing its LaVergne, Tennessee, tyre processing plant and assigning its scrap tyre collection business back to Tennessee Tire Recyclers Inc., the company that originally sold GreenMan that business in April 2001.

TTRI had the right of first offer in case GreenMan decided to divest its Tennessee tyre collection contracts, according to GreenMan cfo Chuck Coppa. Before divestitment, GreenMan gathered about 3½ to 4½ million tyres annually in Tennessee, Coppa said.

The LaVergne plant, which…

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