DES MOINES, Iowa (March 19)—GreenMan Technologies Inc. has signed a letter of intent to purchase the Iowa-based tire collection and processing operations of Utah Recyclers Inc. for an undisclosed amount. These operations, headquartered in Des Moines, handle more than 2 million tires annually, producing mostly tire-derived fuel and some crumb rubber, according to Chuck Coppa, GreenMan chief financial officer. Coppa said the deal should close in April.
GreenMan makes offer on Iowa operations of Utah Recyclers
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