SALT LAKE CITY, Utah (April 26, 2011)—Garb Oil & Power Corp. said it is negotiating to buy the rubber recycling business of FDG di Collu S.r.l. in Italy.
The business operates a 24,000 metric ton facility with appropriate warehouse and land. Garb Oil expects to complete the acquisition after the due diligence phase is completed in about 45 days.
Garb Oil said the FDG facility will be used to aid the company in future tire recycling contracts within the European Union.