On October 18, American rubber and tire recycling company Lehigh Technologies announced its acquisition by Michelin North America. However, terms of the deal were not yet disclosed.

Lehigh Technologies are based near Atlanta, GA, and employs approximately 100 people. The company engaged in tire recycling using its patented cryogenic turbo mill technology. Lehigh’s end product – Micronized Rubber Powder (MRP) – served as a high-quality superfine rubber powder used in numerous industrial applications, reportedly even in new tire manufacturing. Lehigh positions MRP as a low-cost, high-performance, sustainable material that substitutes for other oil- and rubber-based materials used in manufacturing tires, plastics, asphalt and construction materials. Its customers include some of the largest tire companies in the world, as well as companies in construction materials, asphalt modification and other markets.

According to Pete Selleck, chairman and president of Michelin North America, the tire manufacturer was “always looking for ways to achieve safer and more sustainable mobility, including by using high-technology recycled materials, without compromising safety or other performances, while consuming less of the natural resources that are available in finite stocks.” According to Pete, Lehigh Technologies is the technological leader in this field, thus it is a natural fit, as it can equip Michelin with tools to reduce the amount of raw materials needed to produce new goods for all of Michelin’s current and future customers in the tire and non-tire industries.

Christophe Rahier, senior vice-president of strategic planning materials for the Michelin Group, asserts that this acquisition highlights Michelin’s initiative to bridge its extensive expertise in materials to markets that go far beyond tires, especially as regards to use of advanced recycled rubber materials in both tire and non-tire industries.

Alan Barton, CEO of Lehigh Technologies commented that the deal with Michelin yields Lehigh enormous opportunities to continue expanding its capabilities. Backed by Michelin, Lehigh will be able to pursue new and very enticing market opportunities.