January 2006
BUSINESS/ORGANIZATIONAL
BRIEFS |
Major
appliance recycling contract awarded to ARCA
Minneapolis, MN— Appliance
Recycling Centers of America, Inc. reported it has been
awarded a three-year appliance recycling contract by the
Department of Water and Power of the City of Los Angeles
(DWP). The contract covers two programs with DWP, the Low
Income Refrigerator Exchange Program and the Refrigerator
Turn-In and Recycling Program. ARCA is currently providing
services for both recycling programs under previous contracts
with DWP.
Under the Low Income Refrigerator
Exchange Program, the DWP will provide new, super-efficient
refrigerators at no cost to qualifying low-income customers
in exchange for their older, working refrigerators, which
ARCA will recycle in an environmentally responsible manner.
Through the DWP’s Refrigerator Turn-In and Recycling
Program, qualifying customers will turn-in their older,
inefficient but working refrigerators and freezers, which
ARCA will also recycle. |
RecycleNet
creates Scrap China spin-off
Salt Lake City, UT—
RecycleNet Corporation announced the spin-off of Scrap China
Corporation. Common shareholders of record as of the close
of business on January 20, 2006 shall receive one share
of Scrap China Corporation for each ten shares of RecycleNet
Corporation. |
ABRA
Auto adds Hixson franchise
Minneapolis, MN— ABRA
Auto Body & Glass, a Minneapolis-based damaged vehicle
repair company, announced the opening of its ninety-first
facility. Located in Hixson, Tennessee, this is the third
ABRA franchise awarded to Nelson Bowers II in the greater
Chattanooga trade area.
The 14,000 square feet repair
center, located at 5520 Hixson Pike, will initially employ
eight, and is equipped with state-of-the art equipment,
including a Grabber G-Force Rack, a Shark Electronic Measuring
System, and a Uni-Cure Paint Booth. |
Tire
Industry Association names new director
Bowie, MD— The Tire
Industry Association (TIA) announced Paul Fiore, TIA’s
current director of business development will take on a
new position as director of government and business relations.
Fiore will replace the vacancy left by Becky MacDicken and
retain his supervisory responsibility for TIA’s membership
programs and services.
Fiore has been in the automotive
market for over 25 years in various capacities. Besides
owning a repair facility for a majority of his career, he
has also served on numerous industry councils and committees.
He served as president of a regional trade association where
he was also chairman of the legislative committee, and has
been active in government relations at the state and federal
levels. |
Political
strategists to speak at luncheon
Washington, DC— The
American Forest & Paper Association (AF&PA) announced
that Ed Gillespie, former chairman of the Republican National
Committee, and Terry McAuliffe, former chairman of the Democratic
National Committee, will be the featured speakers at AF&PA’s
129th Annual Paper Week Luncheon to be held Tuesday, April
11, 2006, in New York City.
Drawing on their extensive
experience on opposite sides of the political fence, Gillespie
and McAuliffe, two of the country’s most prominent
political strategists, will employ humor and candor as they
discuss the nation’s current political climate.
The 2006 Paper Week Pre-Luncheon Reception and Annual Luncheon
are sponsored by Accenture. For more information on AF&PA’s
2006 Paper Week, visit www.paperweek.org. |
Ipsco
announces new appointment of treasurer
Lisle, IL— IPSCO Inc.
announced that Gregory R. Burnett has joined the Company
as corporate treasurer.
Burnett brings nearly 20
years of financial, treasury, and accounting management
experience to IPSCO, including 8 years in the steel industry.
Most recently, Burnett served as director of treasury at
US Cellular Corporation, a $3 billion publicly held wireless
company based in Chicago, Illinois. Burnett earned his MBA
in Finance and Corporate Policy from the University of Chicago
and his B.S. in Finance from Indiana University. |
Waste
Services accesses term loan facility
Burlington, Ontario—
Waste Services, Inc. announced its intention to incur up
to $50 million of additional term loans under a new term
loan tranche, as provided for under the terms of its existing
senior credit facility. The proposed transaction contemplates
an initial borrowing of $25 million, the net proceeds of
which will be used to refinance amounts outstanding under
the Company’s existing revolving credit facility.
The $25 million undrawn
portion of the new term loan tranche will be available on
a delayed draw basis for future acquisitions that are otherwise
permitted under the terms of the senior credit facility
and that do not materially increase total leverage on a
pro forma basis. The terms of the new term loan will be
substantially identical to the Company’s existing
tranche C term loan. |
Richard
Atkinson named to Capstone’s board
Chatsworth, CA— Capstone
Turbine Corporation announced that Richard Atkinson has
been appointed to the board of directors. Atkinson is vice-president,
CFO and corporate secretary of Pope & Talbot, a wood
and pulp products business headquartered in Portland, Oregon.
Before joining Pope &
Talbot two years ago, Atkinson was with Sierra Pacific for
over 20 years, most recently as vice president, CFO and
treasurer. |
James
Hattler appointed president and CEO
Mankato, MN— Mercury
Waste Solutions, Inc. has announced the appointment of James
J. Hattler as president and chief operating officer.
Hattler previously was
executive vice president of sales and was responsible for
the day-to-day operations.
Hattler has been involved
in the hazardous waste business since 1974 including many
years at Laidlaw Environmental Services. |
Harris
appoints Farrow head of parts and service
Peachtree City, GA—
Harris Waste Management Group, Inc. announced the appointment
of James Farrow to the position of director of parts and
service. James will be based in Cordele, Georgia and will
oversee the direction of the Harris customer service and
parts department.
Farrow has been with Harris
for over forty years and has experience in engineering,
service, and sales of Harris equipment. |
World
Waste Technologies president resigns
San Diego, CA— World
Waste Technologies, Inc. announced that Steve Racoosin,
Company founder and president, has resigned to pursue entrepreneurial
interests in the solid waste and recycling industries. His
responsibilities will be absorbed by other Company officers.
Racoosin, who will remain a major shareholder of the Company,
will continue to serve the Company in a consulting capacity.
|
Thornton
appointed as vice president finance
Mount Arlington, NJ—
GreenShift has announced that Patrick Thornton has been
named vice president, finance. Prior to joining GreenShift,
Patrick Thornton was a partner at Shamrock Partners, Inc.,
(2001-2005) a New York-based private equity investment group.
Thornton started his career
in the assurance practice at KPMG, LLP (2000-2001). Thornton
attended The Pennsylvania State University where he earned
a B.S. degree in Accounting (1995-2000) and is a licensed
CPA in the State of Pennsylvania. |
Butler-MacDonald
names new vice president
Indianapolis, IN—
Butler-MacDonald, Inc., a plastics recycling company in
Indianapolis has named Terrence P. Bradshaw as vice president
of the company. Terrence grew up in Indiana, graduated from
Wabash College and has over 30 years experience in corporate
marketing, sales management and business development. He
will report to the CEO with responsibility for strategic
planning and provide overall direction of the company. |
Recycle
old cell phones for Special Olympics
Portland, ME— Regional
Waste Systems (RWS) has teamed-up with Special Olympics
Maine on a project that raises money and keeps cell phones
out of the waste stream. Though it is a national program,
local partnerships are important for local results.
The message is simple:
Americans discard 130 million cell phones every year and
if you received a new cell phone over the holidays, recycle
the old one and “turn old into gold” for Special
Olympics.
RWS has already placed
drop-off boxes in many of the 27 communities it services,
making it easy to find a specially marked container for
cell phone recycling.
The program will be active
through June 2006. For more information, visit www.specialolympicsmaine.org.
|
Aleris
International to acquire Alumitech, Inc.
Beachwood, OH— Aleris
International, Inc. announced that it has entered into a
definitive agreement to acquire Alumitech, Inc., an aluminum
recycling operation, headquartered in Cleveland, Ohio, from
Zemex Corporation. Closing is expected to occur prior to
December 31, 2005.
Aleris International, Inc.
is a major North American manufacturer of rolled aluminum
products headquartered in Beachwood, Ohio. |
Bokan
elected PERA treasurer
Chantilly, VA— During
the 60th Annual Convention of the Production Engine Remanufacturers
Association (PERA), Bill Bokan was elected as treasurer
of the Association.
Bill Bokan is president
of Bokan Brothers of Sacramento, California. His firm was
started in 1946 by his father and uncle and Bill began working
when he was 12 years old. He left to get a business degree
from Notre Dame and a law degree from the University of
San Francisco.
In 1973 he rejoined the
family business full time. |
Copart
opens salvage facility in Michigan
Fairfield, CA— Copart,
Inc. announced the opening of a 21.6 acre salvage facility
in Lansing Michigan. This is the second facility in the
state of Michigan and brings the total number of locations
in the United States and Canada to 125. |
|
|