Liberty Tire Recycling acquires Lakin Tire strengthening its commitment to sustainability
On March 16, 2020 Liberty Tire Recycling – the biggest tire recycling operator in the United States – announced that it acquired a premier tire removal and recycling company Lakin Tire to create a “new national footprint with best-in-class service and a commitment to sustainability.” Liberty Tire Recycling reports that is made the acquisition of Lakin Tire with support from its majority equity sponsor The Carlyle Group. Lakin, headquartered in Santa Fe Springs, California and with operations focused throughout the Western United States and the Northeast, is regarded as one of the most established and technologically advanced tire removal and recycling companies in the United States. Combined, the two companies collect over 180 million tires per year and recycle approximately 2.6 billion pounds of rubber into innovative, sustainable products. Thomas Womble, CEO of Liberty Tire, will continue to lead the combined business, while key leaders of Lakin, including Bob Lakin and Sean Lakin, will take on expanded roles within Liberty to drive continued world-class customer service. Bob Lakin will maintain an equity ownership stake in Liberty.