Ecore Recapitalizes, To Merge Facilities

Lancaster, PA,  March 16, 2011 –- Recycled rubber flooring firm Ecore International Inc. said it has closed a $40 million recapitalization and refinancing package.

The company said it will invest $4 million to consolidate its Hanover recycling facility into its York, Pa. campus.

The move will give the company over 100 million pounds of refined recycled rubber capacity and it will be able to process all forms of scrap rubber and reclaim its own materials.

Ecore said the recapitalization opens up opportunities for growth on other business fronts.

Simultaneously, the company said it is introducing new technology called itstru, which will be combined with the introduction of a 98% post-consumer modular floor tile system designed for heavy duty commercial flooring applications.