Evolve Recycling Inc. purchases assets of Nexxsource Recycling and all related companies

BRANTFORD, ON, Nov. 23, 2018 /CNW/ - North West Rubber Ltd. (NWR) and Moose Creek Tire Recycling Inc. (MCTR) a Subsidiary of Animat Inc. are pleased to announce their acquisition of the assets of Nexxsource Recycling (and all related companies). The new company will operate under the name Evolve Recycling Inc. (Evolve), and will also include Trillium MC Inc., MCTR's tire hauling subsidiary. Evolve is headquartered at 300 Henry Street, Brantford, Ontario.

Evolve is the largest transporter and processor of end-of-life tires in Canada, with operations spanning Manitoba and Ontario. Evolve processes these tires into valuable end-products, helping Ontario Producers comply with the Regulations made under the Resource Recovery and Circular Economy Act, 2016, while satisfying the product demands of their customers.

NWR, headquartered in Abbotsford, B.C., has been in business since 1968. It has rubber product manufacturing facilities in B.C., Ontario, China, and is currently constructing a manufacturing facility in Texas. NWR produces and supplies a wide variety of flooring, matting, and industrial products to several Retail and Industrial markets throughout North America.

MCTR, whose majority shareholder is Ani-mat Inc., has been in business for 10 years, although Ani-mat (headquartered in Sherbrooke, QC) has been in business since 1983. MCTR/Ani-mat have manufacturing facilities in Ontario and Quebec, and supply a wide variety of products all over the world for various uses in the dairy and equine industries, and as anti-fatigue mats and floor protection in commercial and industrial areas.

SOURCE Evolve Recycling Inc.

If you have any questions regarding this transaction, please do not hesitate to contact Dave Pruim at [email protected], or Daniel Gosselin at [email protected]