Genan has agreed to acquire the mechanical tyre recycling plant operated by ESTATO Umweltservice in Weiden, southeastern Germany, strengthening its presence in Europe and expanding access to recycled tyre-derived materials markets in Central and Eastern Europe
The facility has an annual processing capacity of approximately 45,000 tonnes of end-of-life tyres (ELT) and the agreement also includes a long-term cooperation between Genan and ATU Group to secure the continued supply of used tyres collected through its workshop network.
Genan currently operates six recycling plants across Denmark, Germany, Portugal and the USA, with a combined annual production capacity exceeding 400,000 tonnes of tyres.
Poul Steen Rasmussen, CEO of Genan Holding A/S, said the acquisition supports the company’s strategy to focus on markets with strong long-term potential while securing access to significant volumes of end-of-life tyres. The company plans to invest a double-digit million euro amount in upgrading the Weiden facility with new technology and improved production capabilities.
Sebastian Jarantowski, CEO of ATU Group, said: “With Genan, we have found a partner that combines industrial scale, technological excellence and a clear long-term commitment to sustainable tyre recycling.”
