Liberty Tire Services, LLC, headquartered in Pittsburgh, PA, operates used tire collection, processing and disposal operations. One of the largest used tire processors in the US, the company currently has operations in the Midwest and the Southeast and will look to expand and consolidate in those and other regions of the country. Liberty Tire derives revenue from two sources: front-end business, representing the majority of revenue, and back-end business. Front-end revenues come from the fee Liberty Tire is paid to collect, haul and dispose of used tires from sources ranging from private retail tire dealers to state and local government agencies. Back-end revenues are derived from the sale of the shredded tire chips to customers for tire derived fuel (alternative fuel source), civil engineering (construction/road fill, landfill liners) and ground rubber (molded rubber products). The Company’s business model is based on having the choice of either profitably landfilling tire chips or further shredding the tires and selling the product to users at a higher profit margin. |
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