Announced
Completed
Financials
Tags
Acquisition
Completed
United States
Private
Single Bidder
tire recycling
Auto Parts
Private Equity
Friendly
tire solutions
Majority
Synopsis
The Carlyle Group-backed Liberty Tire Recycling, a provider of tire recycling services in North America, completed the acquisition of Lakin Tire, a tire removal and recycling company. Financial terms were not disclosed. "Similar to Liberty, Lakin has a long heritage of providing outstanding customer service and has a deep commitment to sustainability. Lakin’s culture of service and sustainability is a great match for Liberty’s innovative tire processing and recycling capabilities, which will enable the combined company to drive increased sustainable reuse of scrap tires," Thomas Womble, Liberty Tire CEO.
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