GreenMan completes acquisition

Recycling Today, Nov, 2004

GreenMan Technologies Inc., Lynnfield, Mass., has completed its acquisition of all tire collection operations of American Tire Disposal Inc. (ATD), a Southern California company in the business of collecting and marketing scrap tires. GreenMan will consolidate ATD's business into its existing California operations.

"The addition of these collection operations will both complement our crumb rubber manufacturing business and diversify our overall business, providing a platform for continued growth," GreenMan's California V.P. Jim Dodenhoff, says.

Thanks in part to such acquisitions, Boston Business Journal has named GreenMan to its annual list of the 100 fastest-growing public companies in the Boston area. GreenMan is ranked 41st based on revenue growth from 2001 to 2003.