Ecore, a Lancaster, PA-based firm which transforms reclaimed rubber supplies into high-performance merchandise that drive sustainability and cut back environmental affect, acquired a strategic funding from Common Atlantic’s BeyondNetZero Fund.
The quantity of the deal was not disclosed.
The corporate intends to make use of the funds to help continued natural and inorganic development initiatives, strengthen core operational and know-how infrastructure, and speed up the execution of its circularity and net-zero methods.
Led by CEO Artwork Dodge, Ecore transforms used tires into rubber surfacing and flooring purposes. Via its TRUcircularity program, the corporate then reclaims its personal merchandise and re-purposes them again into surfacing purposes, making a steady cycle of rubber utilization, thereby stopping rubber waste from coming into landfills.
The corporate reclaims greater than 430 million kilos of waste rubber, avoids 9.5 million kilos of CO2emissions yearly and operates UL-certified zero waste vegetation. It boasts greater than 1,500 completely different merchandise in its portfolio, together with high-performance flooring with Floorscore certifications and EPDs, IPEMA-certified pour-in-place playgrounds, and athletic tracks and fields.
Latest acquisitions, together with Ameritread and 360 Tire Recycling Group, have strengthened Ecore’s entry to recycled supplies and superior know-how, permitting the corporate to develop its world attain to greater than 75 international locations.
FinSMEs
19/11/2024
