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Liberty Tire Recycling company logo
Corporation
ENVIRONMENTAL SERVICES & EQUIPMENT | Recycling
libertytire.com

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About Liberty Tire Recycling

Liberty Tire Recycling collects and processes scrap rubber tires and recycles them for use in artificial turf, decorative mulch, coatings and sealants, hoses, brake linings, and molded rubber goods such as doormats. The company recycles nearly 25% of the country's scrap tires from its 14 nationwide locations.

Liberty Tire Recycling Headquarter Location

600 River Ave.

Pittsburgh, Pennsylvania, 15212,

United States

412-562-1700

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Liberty Tire Recycling Web Traffic

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Page Views per Million (PVPM)
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Latest Liberty Tire Recycling News

Mondi provides plastic-to-paper switch for Spanish retailer

Apr 6, 2021

Mondi provides plastic-to-paper switch for Spanish retailer Packaging producer is providing recycled-content paper bags to be used by Spain-based clothing retailer Alvaro Moreno. United Kingdom-based packaging and paperboard producer Mondi Group says it is providing Spanish retail clothing chain Alvaro Moreno with paper shopping, delivery and gift bags that can replace “almost 90 metric tons of plastic per year.” In the past, Alvaro Moreno used more than 3.7 million plastic bags and containers per year, says Mondi. The three Mondi bags now being used by the retailer are recyclable and made from Mondi’s Advantage and EcoVantage product ranges “using renewable and responsibly sourced materials,” states Mondi. Mondi describes EcoVantage as Mondi’s newest paper range “created with fresh pulp and recycled fibers, providing a high-quality printing surface.” Alvaro Moreno, founder of Spanish retail firm, says, “As a business, we are committed to reducing our environmental footprint. Mondi’s papers helped us to continue this approach while increasing the quality standards required in our packaging. As a ‘company with soul,’ we want to meet our consumers’ sustainability goals and since introducing this new packaging range we have already had excellent customer feedback.” Paulus Goess, sales director of specialty kraft paper at Mondi, comments, “Our EcoVantage paper supports Alvaro Moreno’s sustainability aims, thanks to its recycled content and recyclability, and the bags are strong and appealing for customers who are looking for the best shopping experience, both online and in-store.” Hartsville, South Carolina-based Sonoco says it has closed on the sale of its Display and Packaging business unit in the United States to Atlanta-based Hood Container Corp. for $80 million in cash. Sonoco says its U.S. display and packaging business provides point-of-purchase display design, manufacturing and fulfillment and contract packaging services for more than 250 consumer product brands. The business unit operates eight manufacturing and fulfillment facilities and four sales and design centers and has approximately 450 employees. “Our U.S. display and packaging business has been an industry pioneer with a legacy of providing innovative solutions for complex supply chain challenges,” says Howard Coker, Sonoco’s president and CEO. “However, Sonoco is focused on growing our core consumer and industrial packaging businesses around the world, and by divesting this business we expect to apply proceeds to further invest in ourselves while returning value to our shareholders.” On the packaging side, Sonoco in the past two years has invested $83 million  in a new recycled-content paperboard machine at its Hartsville mill site and spent $49 million to buy a French company  that produces recyclable paperboard cans. On the display busines unit sale the transaction, France-based Rothschild & Co., which has three U.S. offices, was financial advisor for Sonoco and Charleston, South Carolina-based Haynsworth Sinkler Boyd served as its legal advisor. Saudi Basic Industries Corp. (SABIC), Riyadh, Saudi Arabia, has announced that it is launching a new recycled material made from ocean-bound plastics that has been recovered from ocean-feeding waterways and inland areas within a 50-kilometer radius of the ocean. According to a news release from SABIC, the ocean-bound material is mechanically recycled and converted into components for new consumer goods and electronics applications, such as TV remote controls and electronic razors, with the potential to be used in other industries, such as automotive, in the future. Part of SABIC’s Trucircle portfolio, the new recycled material is a SABIC Xenoy polycarbonate (PC) / polyethylene terephthalate (PET) compound comprising of a minimum 10 percent recycled ocean-bound PET blended with PC. According to an internal SABIC study based on a resin grade comprising 20 percent recycled content, for every kiloton of product containing the ocean-bound recycled Xenoy PC/PET compound, an equivalent of 24 million single-use 0.5-liter PET water bottles can potentially be diverted away from oceans. The company says this new material, part of its engineering thermoplastics (ETP) product range, offers reductions in carbon footprint of up to 7 percent and energy consumption of up to 11 percent compared with its virgin grade. The company says the material has “good impact strength, processability and chemical resistance.” “Our new recycled ocean-bound material can help to tackle the problem directly as part of our commitment to minimize plastics waste ending up as waste,” says Sergi Monros, vice president of performance polymers and industry solutions for petrochemicals at SABIC. “By creating more sustainable materials and forging new collaborations, we hope to help reshape our industry and our entire value chain, while at the same time playing a leading role to help provide guidance for necessary regulation and governance. “We are proud that we managed to design material based on recycled ocean-bound PET in such a way that it meets high performance requirements of our customers, in combination with very good processability,” Monros adds. The new material is part of SABIC’s Trucircle portfolio, which offers circular innovations and sustainable materials. DS Smith Evan Johnson Johnson joins the company’s Supply Engine Team as its external paper sales director. Johnson has held sales roles across multiple industries, focused on national account development, territory management, business-to-business and consumer sales, and merchant development at ECHOtape, Pak-Lite Inc. and Priority Payment Systems. He received a bachelor’s degree in psychology from Lawrence University. In his new position, he will be responsible for expanding DS Smith’s North America Paper Sales organization and offerings in North America. Budzisz joins the company as director of marketing for North America Packaging. Prior to joining DS Smith, she worked at the Coca-Cola Co., focused on the development of brand vision and consumer and commercial marketing plans rooted in consumer and shopper insights for traditional and digital/social media campaigns at local, regional and international levels. DS Smith Emma Budzisz According to a news release from DS Smith , Budzisz has experience from senior marketing roles in consumer, retail and e-commerce marketing across various portfolios of well-established and startup brands. In her new position, she will lead the development of marketing and e-commerce objectives, supporting sales and growth initiatives for DS Smith Packaging in North America and develop and drive promotions, marketing and e-commerce strategies. The Carlyle Group, a global investment firm based in Washington, has announced that it has agreed to sell Pittsburgh-based Liberty Tire Recycling to ECP, an investor with a reputation in the environmental and sustainable solutions sector. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Liberty, a tire recycling services provider, has a network of more than 25 processing plants and flexible collection service offerings nationwide. According to a news release from the Carlyle Group, Liberty saves more than 190 million tires per year from the waste stream, recycling approximately 3 billion pounds of rubber for sustainable materials and products. Carlyle Strategic Partners IV, an investment fund managed by Carlyle, led a recapitalization transaction to become the company’s majority equity sponsor in December 2017. “Carlyle’s investment thesis for Liberty centered on the company’s attractive growth characteristics and the ability to create a national provider operating at the nexus of beneficial reuse and sustainable materials production,” says Evan Middleton, co-head of North America for Carlyle Strategic Partners. “We are confident that Liberty will continue to create value in an exciting market under the ownership of ECP.” “Liberty occupies a key position in the recycling industry and is part of a vital sustainability supply chain in North America,” says Tyler Reeder, managing partner of ECP . “As consumers and manufacturers commit to greener and more sustainable products and practices, Liberty’s ability to provide sustainable materials and solutions for a growing number of applications will only make the company a stronger and more sought-after partner.” Thomas Womble, CEO of Liberty Tire Recycling , adds, “Under Carlyle’s leadership, Liberty transformed into a national company with strong assets, broad capabilities and innovative products. We are excited to partner with ECP as we continue our growth trajectory and increase our capacity to recycle tires into a wide range of beneficial, eco-friendly products.” According to a news release from Carlyle Group , financial details of the transaction were not disclosed. Houlihan Lokey is serving as the lead financial advisor, BMO Capital Markets is serving as co-financial advisor and Latham & Watkins is serving as legal advisor to Liberty Tire Recycling. Kirkland & Ellis LLP is serving as legal advisor to ECP.

Liberty Tire Recycling Acquisitions

1 Acquisition

Liberty Tire Recycling acquired 1 company. Their latest acquisition was Lakin Tire on March 16, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/16/2020

Acquired

2

Date

3/16/2020

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

2

Liberty Tire Recycling Partners & Customers

2 Partners and customers

Liberty Tire Recycling has 2 strategic partners and customers. Liberty Tire Recycling recently partnered with Lehigh Technologies on January 1, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

1/14/2015

Licensor

Lehigh Technologies

United States

1

8/26/2010

Vendor

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10

Date

1/14/2015

8/26/2010

Type

Licensor

Vendor

Business Partner

Lehigh Technologies

Country

United States

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News Snippet

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Sources

1

10

Liberty Tire Recycling Team

6 Team Members

Liberty Tire Recycling has 6 team members, including current Chief Information Officer, Mark Vescovi.

Name

Work History

Title

Status

Mark Vescovi

HM Health Solutions, Highmark, HM Insurance Group, and Mellon Family Investment Company

Chief Information Officer

Current

Leigh Eastman CPA

NEP Broadcasting, Electrolux, The Dixie Group, and PwC

Senior Vice President

Current

Jeff Kendall

Chief Executive Officer

Former

Dick Gust

President

Former

Ron Carlson

Chief Financial Officer

Former

Name

Mark Vescovi

Leigh Eastman CPA

Jeff Kendall

Dick Gust

Ron Carlson

Work History

HM Health Solutions, Highmark, HM Insurance Group, and Mellon Family Investment Company

NEP Broadcasting, Electrolux, The Dixie Group, and PwC

Title

Chief Information Officer

Senior Vice President

Chief Executive Officer

President

Chief Financial Officer

Status

Current

Current

Former

Former

Former

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