Rubber Research to buy Hi Tek Rubber

ERJ staff report (DS)

Minneapolis, Minnesota -- Rubber Research, Inc.,is intending to buy another scrap tyre processor, Hi-Tek Rubber. The deal is subject to due diligence procedures.

RRI is a holding company which purchases and operates subsidiaries in the rubber recycling industry. After the transaction Hi-Tek Rubber, Inc. will become a 100% owned subsidiary of RRI.

Hi-Tek Rubber, Inc.makes cost competitive alternatives for slate and cedar roofing tiles from scrap post-consumer rubber.

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Press release from RRI