Ecore raises $29M from Element Partners for rubber recycling business
Ecore International, a recycler of scrap tire rubber based in Lancaster, Penn., has gotten a $29 million investment round from Element Partners to help grow an already large business.
Ecore has already been around for 18 years and has several distinct business divisions focusing on sales of recycled materials for specific products like flooring and synthetic grass.
The company, previously called Dodge-Regupol, employs about 240 people.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.