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February 2007

BUSINESS/ORGANIZATIONAL BRIEFS

Safety-Kleen realigns structure

Safety-Kleen Systems, Inc. announced a realignment of the company's organization in order to streamline its operations, enhance profit and loss accountability at the field level and provide a specialized approach to meeting core customer needs on a geographic basis.

Under the realignment, Safety-Kleen will be structured along geographic lines, with the East Group, based in Atlanta, Georgia, headed by executive vice president, Dave Sprinkle, and the West Group, based in Plano, Texas, headed by executive vice president Steve Grimshaw.

Each group will oversee the branches, operations facilities, and oil operations within its geographic area, with the exception of the company's oil re-refineries in East Chicago, Indiana, and Breslau, Ontario, which will continue to report to Sprinkle, and the National Accounts Group and International (including Canada), which will continue to report to Grimshaw.

SEDA welcomes new distributors

Weaver Industrial and Shop Equipment Company, both long term suppliers to the North American automotive and scrap recycling industries have recently joined the extended SEDA family as certified, full service distributors.

SEDA has a network of 20 subsidiaries and distributors and serves over forty countries with the latest developments in fluid drainage, airbag deployment and general automotive recycling.

Samuels Recycling acquired by Alter

Alter Trading Corporation purchased Wisconsin-based Samuels Recycling Company.

The acquisition of Samuels Recycling Company will significantly increase Alter's capacity, making it one of the largest scrap metal recycling companies in the United States.

Founded in 1898, Alter Trading is ISO 9001:2000 and 14001:2004 certified.

With this acquisition, Alter will operate 28 metal recycling facilities and five trading offices in seven states as well as a representative sales office in Shanghai, China.

Goodyear announces conversion period for convertible notes

Akron, OH— The Goodyear Tire & Rubber Company announced that its 4.0% Convertible Senior Notes due June 15, 2034, are now convertible at the option of the holders and will remain convertible through March 30, 2007, the last business day of the current fiscal quarter.

The notes became convertible because the last reported sale price of the company's common stock for at least 20 trading days during the 30 consecutive trading-day period ending on January 18, 2007, (the 11th trading day of the current fiscal quarter) was greater than 120 percent of the conversion price in effect on such day.

The company will deliver shares of its common stock upon conversion of any notes surrendered prior to March 30, 2007. Cash will be paid in lieu of fractional shares only. Issued in June 2004, the notes are currently convertible at a rate of 83.0703 shares of common stock per $1,000 principal amount of notes.

Gulf Ethanol chairman resigns

Gulf Ethanol Corporation has announced that its chairman, Darrel Uselton, has resigned from the Board of Directors effective immediately.

Uselton has not been active in the day to day activities of Gulf Ethanol and has not been an officer of the Company since the Company entered the Ethanol industry.

IFCO SYSTEMS opens reverse logistics centers

IFCO Systems announced the grand opening of its newest reverse logistics facilities in San Antonio, Texas and Kansas City, Missouri.

The addition of these facilities brings IFCO Systems' total number of pallet management service facilities to 56.

These cross-dock facilities are designed to enable pallet and container users to outsource all pallet and container handling and management activities to IFCO Systems at an off-site location.

MHF Logistical launches British subsidiary

MHF Logistical Solutions Inc. said that it has launched a new subsidiary to manage its growing business in the United Kingdom and elsewhere in Europe.

Gene Gleason, MHF-LS' vice president for government affairs and international initiatives, has been appointed managing director of the new subsidiary, MHFLS-UK, Ltd., based in Cheshire, England.

Gleason noted that MHF-LS seeks partners, both in the U.K. and elsewhere, as it continues to expand its international presence.

The announcement of the new subsidiary came after MHFLS-UK, Ltd. completed a major project for British Nuclear Group, an operator of nuclear power plants in the UK.

The assignment, undertaken with partners W.H. Bowker Ltd. and Gravatom Engineering Services Ltd., was to provide packaging, technical services and transportation logistics for the packaging and movement of radioactively contaminated lead from a site in England to a recycling facility in the United States.

Universal Stainless names new president

Universal Stainless & Alloy Products, Inc. announced that Kenneth W. Matz has been named president of the Company. He succeeds Clarence M. McAninch, who assumes the new title of chairman of the Board.

McAninch will also continue to serve as chief executive officer, a post he has held since founding the Company in 1994.

Matz has more than 25 years of experience in the processed metals industry with responsibilities over the course of his career ranging from engineering, quality and materials sourcing to operating and executive management. He most recently served as president of the Processed Metals Group of Gibraltar Industries.

Waste Services completes acquisition of landfill

Waste Services, Inc. announced that it has completed the acquisition of the SLD construction and demolition waste landfill in Charlotte County, Florida and the Pro Disposal roll-off collection and transfer business, with operations in Collier and Lee Counties. The landfill, which has a permitted capacity of 15.8 million cubic yards, commenced operations in December. The company has also completed the previously announced amendment to its senior secured credit facility, which provided for an additional $100 million in term loans, as well as a reduction in the interest rate payable on all of the term loans to LIBOR plus 2.75%.

Heil promotes Grundmeier to director of key accounts

Wayne Grundmeier has been promoted to the newly created position of director of key accounts for refuse and recycling vehicle manufacturer Heil Environmental. In this role, Grundmeier will lead, coach and mentor Heil’s key account sales team, while also working directly with select customers.

Grundmeier has more than 30 years experience in the refuse collection vehicle industry. He has been a member of the Heil sales team for the last seven years, most recently serving as key account manager for Waste Management. In addition to his new responsibilities, he will retain management oversight of Heil’s Waste Management account.

Grundmeier will continue to work out of a regional office in Houston.

RJM Waste Equipment opens new plant

RJM Waste Equipment Co. announced that it has opened a new manufacturing facility in Easley, South Carolina.

The manufacturing facility will focus on the production of small containers and will employ 25 to 30 people, according to RJM president, Ron McCracken. “Commencement of manufacturing in our Allan Street facility is an important part of the continuing growth of RJM,” commented McCracken. RJM also has manufacturing facilities in Arizona and Connecticut.

Waste Industries acquires several companies

Waste Industries USA, Inc. has acquired a hauling company in Georgia, and a small residential collection operation in South Carolina.

The two transactions are projected to generate approximately $4.5 million in annualized hauling revenues.

The acquisition of Jimmy Tibbitts Enterprises, LLC, in Dallas, Georgia continues the execution of the Company's west-Atlanta market strategy, adding roll-off revenues and a transfer station operation while creating the anticipated added benefit of internalizing significant new tons into the Company's two existing Atlanta area landfills.

The residential customers purchased from Double Springs Sanitation, Inc. in Greenville County, South Carolina are along existing Company collection routes and should improve route density and productivity.

Florida DEP appoints new projects director

The Florida Department of Environmental Protection (DEP) secretary Michael W. Sole announced the appointment of Mimi Drew as DEP’s deputy secretary for Regulatory Programs and Energy and Deena Reppen as Ecosystem Projects director.

As the deputy secretary for Regulatory Programs and Energy, Mimi Drew will oversee DEP’s six regulatory district offices and the divisions of Air Resource Management, Waste Management and Water Resource Management. Drew replaces former deputy secretary Michael W. Sole, who was appointed by Governor Crist to serve as the agency’s leader on December 21, 2006. Prior to her appointment as deputy secretary, Drew has served as the director for DEP’s Division of Water Resource Management since 1995.

As DEP’s Ecosystem Projects director, Deena Reppen helps plan, manage and evaluate the Department’s participation in the $10.5 billion initiative to restore America’s Everglades and the South Florida Ecosystem. Prior to her appointment, Reppen served as the agency’s chief of staff under former secretary Colleen Castille. She also worked as DEP’s communications director and press secretary.

Commercial Metals finalizes purchase

Commercial Metals Company (CMC), headquartered in Irving, Texas, announced that it completed the acquisition of substantially all the operating assets of a steel fabrication business in Rosslau/Saxony-Anhalt in eastern Germany.

The acquisition by CMC's subsidiary, Commercial Metals Deutschland GmbH, was announced in late November subject to regulatory approval and other conditions precedent. Bruhler Stahlhandel GmbH had previously owned and operated the facility.

The fabrication unit has an annual capacity of 40,000 tons with customers in the eastern and western part of Germany serving the construction industry. It reaches the major markets surrounding Leipzig, Halle, Berlin, Hanover and Hamburg.

ENSR names new director of China operations

Feng Weiqing has joined ENSR as director, China Operations. Based in ENSR's Shanghai Office, Weiqing is responsible for all operational activities in China, as well as business development with key clients. ENSR has a rapidly expanding presence in China with four offices in Hong Kong, Beijing, Guangzhou, and Shanghai.

Weiqing is a highly experienced environmental manager with over fifteen years of experience in environmental site assessments, remediation and waste management, and environmental, health and safety compliance. An experienced geologist, he has technical expertise in geological and geotechnical engineering. His extensive environmental experience includes working with a broad range of industries including manufacturing, pharmaceutical, energy, and the chemical industry in regions throughout China and Asia. Before joining ENSR, Weiqing was the general manager of MHW Shanghai Operations, and led a major EHS consulting and wastewater EPC practice. He was also one of the founders of ENVIRON China.

AF&PA welcomes new forest service chief

The American Forest & Paper Association (AF&PA) welcomed Abigail Kimbell as the new chief of the United States Forest Service, and thanked retiring chief, Dale Bosworth, for his years of strong leadership.

Bosworth has served as chief since April 12, 2001. During that time, the agency has implemented the President’s Healthy Forests Initiative, the 2003 Healthy Forests Restoration Act, new forest planning rules, and numerous other achievements.

The Forest Service manages 193 million acres of land, spread over 155 national forests and 20 grasslands. The agency has a workforce of over 30,000 employees, engaged in public land management, research, cooperation with state and private forests, and international policy.

TIMET announces management addition

Titanium Metals Corporation (TIMET) announced that Dr. Charles H. Entrekin has rejoined the Company in the position of president and chief operating officer. Dr. Entrekin was formerly executive vice president - Commercial of TIMET until 2002. Since 2003, Dr. Entrekin has been a senior advisor for Safeguard International Fund, during which time he held various senior management positions with businesses owned or controlled by Safeguard. Most recently, Dr. Entrekin served as president and chief executive officer of Timminco, Ltd.

Harsco to acquire Excell Materials

Harsco Corporation announced that it has signed an agreement to acquire Excell Materials, Inc., a multinational company that specializes in the development of minerals technologies for commercial applications through the reclamation and recycling of high value content from steelmaking slag.

The privately-held, Pittsburgh, Pennsylvania based company posted 2006 sales in excess of $100 million and maintains operations at 9 locations in the United States, Canada, Brazil and South Africa.

The transaction is valued at approximately $200 million, subject to various adjustments. Upon receipt of normal regulatory approvals, completion of the acquisition is expected early in the first quarter of this year and will be immediately accretive to Harsco's earnings.

Excell's operations include onsite facilities at several leading steel mills where the company extracts high value metals from steelmaking slag for resale and production re-use.

Excell employs approximately 300 people worldwide.

CMC’s Polish Mill acquires new wire rolling line

CMC Zawiercie, Commercial Metals Company's long product mill located in Poland, announced the purchase of a new wire rolling line that will augment the production of its current bar mill.

The wire rod block and reducing sizing mill will be purchased from Morgan Construction Company adding state-of-the-art technology for wire rod production. The line will consist of a 4 stand reduction mill and 10 stand wire rod block capable of producing product from 5 to 25 millimeter diameter at up to 150 tons per hour. Installation should take approximately 18 months with an expected investment of $40,000,000.

Paladin acquires Magnum Systems, Inc.

Paladin announced the completion of its acquisition of Magnum Systems, Inc. Magnum, located in Tampa, Florida, is a manufacturer of mulching attachments for use in land clearing, right-of-way clearing and site development. John Edwards, the company's founder, has been appointed to serve as a consultant with Paladin following the acquisition.

Marty Sullivan, vice president and general manager of the company's Light Construction Equipment group will be responsible for overseeing the integration of Magnum products into the group's design, manufacturing and distribution operations.

While still early in the transition phase, the company anticipates increasing the production of a new line of larger Magnum mulcher attachments in the near future. These will target applications on higher horsepower wheel loaders and excavators and may be distributed through the company's other Brand Teams.

Waste Connections completes acquisition

Waste Connections, Inc. announced that it has completed the acquisition of certain operations in the Southeast from a subsidiary of Waste Management, Inc. The operations acquired provide collection, transfer and disposal services in Eastern Kentucky with total revenue of approximately $22 million.

Peterson to head Heil’s Engineering Group

Raymond Peterson has joined refuse and recycling vehicle manufacturer Heil Environmental as director of engineering. He is responsible for all of Heil’s engineering efforts, including research and development, manufacturing, and process improvement.

Peterson joins Heil from International Truck & Engine Corp. where he was chief engineer for the Electronics & Software Group. In that position, he was responsible for 50 personnel in the United States and India charged with developing robust electronics and software for mobile applications.

Previously, Peterson served in management roles in the engineering departments of Vermeer Manufacturing Company, Grote Industries and General Motors. He holds several patents for automobile anti-lock brake systems, security systems and a telematics controller.

Peterson will work in Heil’s Fort Payne, Alabama location.


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