Michelin has acquired Lehigh Technologies, a materials company which uses cryogenic turbo mill technology to transform rubber from end-of-life tyres and industrial goods.
This rubber can be used for materials for new tyres and other products, reducing the amount of raw materials initially needed, such as elastomers and fillers from oil- and rubber-based sources.
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“We are 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,” said Michelin North America chairman and president, Pete Selleck.
“Lehigh Technologies, the technological leader in this area, is a natural fit, as it will equip Michelin with tools to reduce the amount of raw materials we need to produce new products for all of our current and future customers in tyre and non-tyre industries.
Lehigh Technologies, based in Tucker, Georgia, near Atlanta, employs around 100 people. The firm produces raw materials called micronised rubber powder (MRP). MRP is a sustainable material which substitutes for other oil and rubber-based materials used in manufacturing tyres, plastics, asphalt and construction materials.
Its customers include some of the largest tyre companies in the world, as well as firms in construction materials, asphalt modification and other markets.
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By GlobalData“This deal provides Lehigh Technologies with an incredible opportunity to continue our growth,” said Lehigh Technologies CEO, Alan Barton.
“With the full backing of Michelin, we can continue to expand our capabilities, execute our global growth strategy and pursue new market opportunities.”
