Target Technologies has finalized an agreement to divest a significant segment of its crumb rubber sales division to Liberty Tire Recycling LLC.
Target Technologies sells major crumb rubber division to Liberty Tire Recycling
Target Technologies has finalized an agreement to divest a significant segment of its crumb rubber sales division to Liberty Tire Recycling LLC, of Pittsburgh, PA. The agreement encompasses TTII’s former artificial sports field and running track markets, exclusively for ambient crumb rubber sales.
In commenting on the sale, TTII’s Managing Director – John B. Giraud, stated: “The timing couldn’t be better, as it will allow Target Technologies to focus on our rapidly developing residential and alternative markets. Liberty Tire is a leader in North American crumb rubber sales, and we are confident that they will continue to provide the same top-notch service to our long-time ambient clients.”
Liberty Tire CEO, Jeffrey Kendall, added: “John Giraud and Target Technologies have developed a solid base of ambient crumb rubber customers over the past ten years, and we look forward to welcoming them as Liberty clients. With our North America-wide network of crumb rubber processors, Liberty Tire now offers unparalleled consistent quality, value & delivery to the synthetic sports turf and running track industries.”
TTII will continue to actively market its family of high-quality products to the synthetic sports field market – including silica sand infill material, cryogenic crumb rubber, Shock n’ Drain shock-pad, FutrFill TPE and synthetic turf end-of-life environmental solutions.