Pyrolyx receives funding to expand U.S. plant and acquires tire recycler
Tire Business magazine reports that internationally known recovered carbon black (rCB) supplier Pyrolyx A.G. has made a series of moves to build up its still nascent U.S. operations ahead of moving its headquarters to facilities under construction in Terre Haute, Indiana. In the U.S., Pyrolyx said it has secured additional debt funding of $4.5 million and agreed to buy the assets of tire recycling business J&R Used Tire Service Inc., which is setting up a tire-shredding facility in Newport, Ind., primarily to supply feedstock to Pyrolyx. The purchase agreement is valued at $4.5 million.