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January 2007

BUSINESS/ORGANIZATIONAL BRIEFS

Hendrickson buys Dana’s trailer axle business

On December 19, 2006, the United States Bankruptcy Court for the Southern District of New York authorized Dana Corporation to sell its trailer axle business to Hendrickson USA, L.L.C.

Hendrickson will assume control of the Lugoff, South Carolina trailer products manufacturing facility in January 2007 following closing procedures outlined in the asset purchase agreement. Products will be manufactured in Barrie, Ontario during the first quarter under the terms of a production supply agreement with Dana. Additional customer and vendor communications are expected in early January.

“Hendrickson views the addition of the Dana trailer axle business as an integral part of our long-term strategic plans. The acquisition of this business extends our platform for common wheel ends and braking systems across integrated and non-integrated families of suspension systems,” said Gary Gerstenslager, president and chief operating officer of Hendrickson.

Manufacturing of loose trailer axles will be in Lugoff, South Carolina. Initial distribution will be conducted from Lugoff, South Carolina, Brampton, Ontario and Monterrey, Mexico.

Global Resource signs contract for TDF division

Global Resource Corp. (GBRC) has executed a contract for the sale of 50,000 tons of tire chips to be sold to a leading independent power producer in the United States. The contract calls for GBRC to sell 50,000 tons of tire chips, at a price of $35 per ton, to be used as tire derived fuels in that company's power producing operations.

GBRC's Tire Derived Fuel program coverts shredded waste tires into valuable energy by burning the shredded tires in an environmentally friendly and economical manner.

Waste Connections signs acquisition agreement

Waste Connections, Inc. has signed an agreement to acquire certain operations from a subsidiary of Waste Management, Inc. The operations being acquired provide collection, transfer and disposal services with total revenue of approximately $22 million. The acquisition is subject to local consents, which are expected to be obtained within sixty days.

Waste Connections also has completed the refinancing of its senior credit facility.

New Heil key accounts manager chosen

Kevin Coombes has been promoted to key accounts manager for refuse and recycling collection vehicle manufacturer Heil Environmental.

As key accounts manager, Coombes is to increase Heil’s market penetration with a strategic group of haulers and municipalities.

Coombes joined Heil in 1980 in the cost accounting department. Over 26 years, he has held a number of positions in customer service, sales and marketing. He has served as a regional sales manager, manager of a company-owned branch, and international sales manager. Coombes set up Heil’s customer service department in Fort Payne, Alabama, and established a sales training program. He most recently was sales operations manager.

Coombes is active in the waste industry. He has served as Heil’s Waste Equipment Technology Association (WASTEC) representative since 2000, and has been on the organization’s Board of Governors for two years. He was recently reelected to the board through 2008. Coombes also represents Heil at a number of local, regional and national conferences and meetings annually.

Commercial Metals increases cash dividend

The board of directors of Commercial Metals Company has approved an increase in the regular quarterly cash dividend from $.06 to $.09 cents per share, an increase of 50%. This new rate is effective with the regular quarterly cash dividend which has been declared and is to be paid January 25, 2007 to shareholders of record January 5, 2007. This is the 169th consecutive quarterly cash dividend paid by Commercial Metals Company.

IPSCO completes acquisition of NS Group

IPSCO Inc. announced the completion of its acquisition of NS Group, Inc., following a favorable vote by NS Group shareholders.

As part of the deal, IPSCO transferred to the paying agent, $66 per share in cash for each issued and outstanding share of NS Group's common stock. The aggregate price is approximately $1.46 billion, including NS Group's net cash.

IPSCO financed the acquisition through a combination of cash on hand and debt obtained under a $1.1 billion syndicated credit facility. Bank of America, J.P. Morgan and TD Securities were the lead arrangers for the syndicated credit facility.

Kasriel new member of Nucor board of directors

Nucor Corporation announced that Bernard L. M. Kasriel has been elected to the board of directors effective January 1, 2007. Kasriel formerly served as the vice chairman of the board of directors and chief executive officer of Paris-based Lafarge S. A. Lafarge is a building materials provider of cement, concrete, roofing and gypsum products.

Kasriel joined Lafarge in 1977 as vice president. He became managing director of Lafarge in 1987, vice chairman and chief operating officer in 1995, and vice chairman and chief executive officer in 2003. Kasriel serves on the boards of Lafarge, L'Oreal, Arkema and Sonoco Products Company.

Freedom Metals expands Kentucky location

Freedom Metals purchased 25 acres of land to expand their Elizabethtown, Kentucky location. In 2006, Freedom Metals began a new steel and fabrication division to complement the recycling and scrap metal side of the business.

The company added 15 new employees this year and is on track to continue job expansion in Elizabethtown.

Federal Signal appoints new VP and CIO

Federal Signal Corporation appointed Michael K. Wons vice president and chief information officer effective immediately.

Wons joined Federal Signal from Microsoft Corporation, where he was the lead technology strategist responsible for defining next generation technology platforms for major global financial services organizations. Prior to Microsoft, Wons held technology officer and leadership roles at several early- and mid-stage organizations. Prior to this, Wons served as CIO for a $2 billion division of Waste Management Inc.

CMC to acquire service center from Bruhler

Commercial Metals Company (CMC) has entered into a definitive purchase agreement with Bruhler Stahlhandel GmbH to acquire substantially all operating assets of its steel fabrication business in eastern Germany. The acquisition, to be made by CMC's subsidiary Commercial Metals Deutschland GmbH, is expected to close by the end of the year.

Hanns Zoellner, president of CMC's Marketing and Distribution Segment, will have responsibility for the operations.

Earth911.Org introduces global warming resource

Responding to increased awareness and the need for greater public resources dedicated to addressing the global warming trends, Earth 911 - part of the Global Alerts' cause media network, and the nation's portal for environmental action and information - has launched a new section dedicated exclusively to Global Warming. Visitors to Earth911.org will now have access to comprehensive educational and actionable information designed to help them better understand what global warming is, and what efforts they can take to help combat its devastating effects.

The Earth 911 Global Warming resource page includes background on what causes Global Warming, and an overview of the effects - including links to heat and sun index safety, weather details, and world data. Information on what national and international organizations and agencies are doing to address Global Warming issues is also available. Visitors can learn more about programs and other organizations dedicated to reducing greenhouse gas emissions, or access information on U.S. Climate Policy and Actions.

Wastequip names West Coast Group president

Wastequip, Inc. appointed Greg Guard as president of the West Coast Group. He will assume his new position on January 1, 2007.

As president of the West Coast Group, Guard will be responsible for the overall operations of Wastequip’s Western facilities including sales and marketing, finance, manufacturing, and customer service. Wastequip operates facilities in South El Monte, California; Lockeford, California; Albany, Oregon, and Phoenix, Arizona as well as numerous other locations throughout the United States and Canada.

Guard is currently serving as vice president of sales and marketing for the Western Group of Waste Management where he is responsible generating revenue and pricing quality of this $3 billion organization. He oversees over 500 employees in sales, pricing, and customer service functions.

PC Scale acquires Transcomp Systems

PC Scale, Inc. acquired TransComp Systems, Inc. located in Orange, California. TransComp is a provider of route management software.

David Navarro, originally with TransComp, will head TransComp Systems Division of PC Scale as its president.

Audiovox names UpTime Parts as new supplier

Audiovox Specialized Applications (ASA), manufacturer and supplier of Voyager® Observation Systems and JENSEN® heavy duty mobile electronics, named UpTime Parts as an authorized Voyager® and JENSEN® supplier.

UpTime Parts will be responsible for supplying JENSEN Heavy Duty audio and video equipment and Voyager Observation/Back-up Camera Systems to the commercial vehicle and off-highway/heavy truck industries.

BaseMetals.com names new sales director

FastMarkets Ltd. announced the appointment of Mitchel Ingham-Barrow as sales director.

Mitchel has 15 years sales experience, 11 of which have been with Metal Bulletin, five as head of sales, strategy and development. During that time Mitchel was involved in the development of Metal Bulletin’s electronic portfolio, as well as managing Metal Bulletin’s content sales teams.

Commercial Metals establishes Belgium office

Commercial Metals Company (CMC) announced that its subsidiary, Commercial Metals Deutschland GmbH, has established a branch office located in Temse, Belgium. The office will operate as part of CMC's marketing & distribution segment under the name CMC Cometals Europe and will focus on marketing and distributing those industrial raw materials handled by CMC Cometals of Fort Lee, New Jersey.

Eli Skornicki, president of CMC Cometals, said, "After having serviced CMC Cometals for almost 15 years as an agent, we are pleased that Stefaan Maes and Andy Smet will be joining the CMC family of companies and managing the office. "

McGinty receives national award for litter prevention

Pennsylvania Environmental Protection secretary Kathleen A. McGinty received Keep America Beautiful's Mrs. Lyndon B. Johnson Award, the highest award given to women volunteers. This national achievement award is presented annually to an outstanding woman for exceptional leadership in litter prevention and beautification activities.

One of McGinty's earliest initiatives was launching the "Great Pennsylvania Cleanup".

Harsco Corporation acquires Technic Gum

Harsco Corporation has acquired the conveyor services and trading arm of Technic Gum, a privately-held firm that is Belgium's leading provider of conveyor belt maintenance services for the steel and cement-producing industries. Terms of the cash acquisition were not disclosed. Technic Gum's manufacturing arm, which produces consumables such as screen grids and other parts for conveyor maintenance, is not included in the transaction.

The acquisition is expected to be accretive to Harsco's 2007 earnings and adds to the Company's growing capabilities for providing conveyor belt management and maintenance services to steel mills and other industrial clients. A typical integrated steelworks may have as many as 40 to 50 miles of conveyor belts on its premises. Last year, Harsco acquired Evulca, a similar conveyor belt specialist with principal operations in France.

Technic Gum recorded service and trading-related revenues of approximately $8 million in 2005 and employs approximately 50 people.

Freedom Metals names Spencer Blue COO

Freedom Metals has promoted Spencer Blue to chief operating officer. Blue will be in charge of running all operations for Freedom Metals, including procurement, sales, logistics and inventory management.

Blue has been serving as vice president with Freedom Metals for two years. He has a bachelor’s degree in Finance and International Business from George Washington University.

Blue formerly worked in credit derivative trading at Bear Stearns in New York.

Safety-Kleen acquires Jacobus Environmental

Safety-Kleen Systems, Inc., has acquired Jacobus Environmental Services, bringing one of the major collectors of used oil, oil filters and antifreeze into North America's largest network of industrial cleaner, used oil collection and environmental services providers.

The acquisition involves seven oil collection facilities owned or leased by Jacobus in Illinois, Iowa, Nebraska, Minnesota, South Dakota, Wisconsin and Wyoming, and a fleet of 27 oil collection trucks.

Prior to the acquisition, the 15-year-old company provided collection services to approximately 16,000 customers in the seven-state area.

WCA Waste appoints new board members

WCA Waste Corporation announced that its Board of Directors approved the appointment of Preston Moore, Jr. and the Honorable John V. Singleton as directors of WCA Waste Corporation.

Preston Moore has served as chairman and chief executive officer of Wilson Business Products, Systems & Services, Inc., and later as president of Wilson Industries. Moore was appointed by President George H.W. Bush to serve as the chief financial officer and assistant secretary for Administration for the United States Department of Commerce from 1990 through 1992. From 1995 through 1998, Moore served as a director of TransAmerican Waste Industries, Inc.

Judge Singleton practiced law in Houston, Texas until 1966, when President Lyndon Johnson appointed him to serve as a district judge for the United States District Court for the Southern District of Texas. In 1979 Judge Singleton was appointed chief judge of the Southern District, and took senior status in 1988. Judge Singleton retired from the bench in 1992. From 1995 through 1998, Judge Singleton served as a director of TransAmerican Waste Industries, Inc.

Peterson announces promotions

Peterson promoted Luke Joseph to factory service technician effective November 1, 2006. Joseph will support Peterson's customers in the Pacific Northwest.

Joseph has been with Peterson since 1998, and served in several areas of manufacturing, most recently in the electrical assembly department.

Peterson will be based out of Southwest Washington state.

Peterson also promoted Bill Jensen to product support representative. Jensen will support spare parts needs of customers in the Pacific Northwest.

Jensen previously served as factory service technician. Jensen will be based in Portland, Oregon.

Viall joins Roll-Rite as regional sales manager

Gary Viall recently joined Roll-Rite, LLC as southern regional sales manager, solid waste market.

Viall’s responsibilities will include managing sales to new and existing customers in the refuse, recycling and scrap industries in the southern United States, and facilitating collaboration with target OEMs.

Electronic Recyclers expands board

Electronic Recyclers announced that Matthew McGovern and Alexander Ruckdaeschel have joined the company’s Board of Directors. Both have extensive backgrounds in investment banking and venture capitalism.

McGovern is a managing director of SBI Group, an investment banking and asset management firm. He has been an officer with SBI since 2001, overseeing the management of investment banking, principal trading and asset allocation.

Ruckdaeschel is co-founder of Pulse-AG, a Swiss-based investment management firm. From 2002 to 2006 he was a fund advisor at DAC-FONDS, a European Investment company.

Schnitzer Steel Industries finalizes acquisition

Schnitzer Steel Industries, Inc. has finalized the previously announced acquisition of the assets of Max Cohen and Sons, dba Advanced Recycling, a metals recycler with four processing facilities located in New Hampshire. Advanced Recycling handles approximately 250,000 tons of ferrous scrap metal and 25 million pounds of non-ferrous scrap metal annually. Terms of the acquisition were not disclosed.

Steven Cohen, president of Advanced Recycling, joined the Schnitzer management team as director of its Northern New England metals recycling operations.

GreenCitizen launches center in San Francisco

GreenCitizen, Inc. announced its expansion from Silicon Valley to San Francisco with the opening of its second educational and drop-off center, its first center in San Francisco.

The GreenCitizen San Francisco Center is located at 591 Howard Street and individuals and businesses can recycle end-of-life electronics and learn about the importance of safety and accountability in electronics recycling.

To ensure safe disposal, equipment recycled through GreenCitizen will be sent only to de-manufacturers and processors who dispose of it according to industry best practices.


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