Transact Payment Systems expands with new building

Transact Payment Systems recently purchased a new 24,000 sq.ft. building in order to consolidate Transact’s in-house operations and to operate as its new corporate headquarters. The new facility is located in Florida. The building has been transformed into a state-of-the-art office, warehouse and test facility.

Transact also added to its corporate staff. Lou Albano in marketing and sales and Paul Colby in network technical support have joined the company. More growth is expected for 2011 in an effort to offer the utmost in solutions and customer support.

Transact pioneered the use of ATMs in scrap yards and has a large market share with Scrap Dragon, its scrap purchasing software and cameras using JPEGger imaging software. The ATM is fast becoming a fixture in scrap yards throughout the United States.

Phillip M. Krieger named CFO for Upstate Shredding

Upstate Shredding – Ben Weitsman & Son, announced that Phillip M. Krieger has joined the company as chief financial officer, effective immediately. Prior to joining Upstate, Krieger was chief operating officer and chief financial officer for Sims Metal Management East.

Krieger will supervise financial matters for Upstate Shredding LLC as well as its sister company Ben Weitsman & Son, Inc., both headquartered in Owego, New York as well as other company facilities located in Binghamton, Ithaca, Jamestown, Liberty, Owego and Syracuse, New York and Towanda, Pennsylvania.

Before joining Sims, Krieger was chief operating officer and chief financial officer of Mercer International Group’s Fairless Iron and Metal of Trenton, New Jersey.

Krieger has had a distinguished 20 year career in business and finance. He spent six years with Coopers & Lybrand’s Financial Services Audit Group before becoming corporate controller and treasurer for Sales Dynamics, Inc. for three years. After that he spent five-years as chief financial officer and chief operation officer of Advanced Telecommunications Network, Inc., and later six years as general manager of Boathouse Row Sports, Ltd.

Albuquerque and Acme merge with Ace Metals

Albuquerque Metals Recycling and Acme Iron & Metal have merged with Ace Metals, Inc. of Albuquerque, New Mexico, to form the largest scrap metal processor in the state of New Mexico. They have purchased a new shredding plant from Metso Texas Shredder.

The shredding plant will feature a complete ferrous and nonferrous downstream with magnetic separation equipment from SGM, Sarasota, Florida, and sensor sorting technology from Steinert U.S. Installation is scheduled for summer 2011.

Benlee adds general sales and marketing manager

Benlee, headquartered in Romulus, Michigan, has hired Jim Reeves as the company’s general sales and marketing manager.

Reeves’ primary responsibilities will include overseeing the national and international trailer and truck sales, product development and all of Benlee’s marketing strategies.

Reeves is a 15 year veteran of the waste industry and prior to joining Benlee was the South region sales manager at Rudco Products from 2003 to 2010.

Deffenbaugh buys trash and recycling operation

Deffenbaugh Industries has acquired Roll Off Service, Inc. and Advantage Recycling of Bethel Heights, Arkansas. The companies operate in Arkansas, Oklahoma, Missouri, Kansas and Texas. In business since 2001, they provide solid waste collection, transfer and disposal, as well as recycling services to approximately 25,000 residential, commercial and industrial customers.

Customers of Roll Off Service and Advantage Recycling will see no interruption in service.

Schnitzer Steel acquires State Line Scrap

Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire substantially all of the assets of State Line Scrap Co., Inc. and certain of its affiliates. State Line and affiliates operate from facilities in Attleboro, Massachusetts.

Terms of the transaction were not disclosed.

Timken acquires City Scrap and Salvage

The Timken Company announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio.

City Scrap, which employs 30 people, has a long-standing relationship with Timken, supplying the company for more than 15 years as a local source of the ferrous scrap needed for its operations.

The City Scrap acquisition will streamline Timken’s supply of scrap, improving efficiency and increasing supply chain reliability. While the new venture will simplify Timken’s ability to effectively recycle the industrial scrap generated from its own bearing and steel operations, City Scrap also will continue to buy scrap from dealers and individuals at its location in Akron.

Nucor names John Ferriola president and COO

The board of directors of Nucor Corporation appointed John J. Ferriola president and chief operating officer of the company and elected him to the board to serve in the class of directors with a term expiring at the company’s 2012 annual meeting of stockholders. Daniel R. DiMicco, who has served as Nucor’s president and chief executive officer since 2000 and also as its chairman since 2006, will continue to serve as Nucor’s chairman and chief executive officer.

Ferriola had served as Nucor’s chief operating officer of Steelmaking Operations since 2007. He was an executive vice president of Nucor from 2002 to 2007 and a vice president from 1996 to 2001. He has been employed by Nucor in various capacities since 1991, including serving as general manager at three Nucor facilities, in Texas, Nebraska and Indiana.

Rumpke purchases assets of RLS Recycling

Rumpke of Ohio, Inc. purchased certain waste collection, hauling, disposal and recycling assets from RLS Recycling located in Chillicothe, Ohio.

The acquisition included about 30 waste collection vehicles and utility equipment adding to Rumpke’s already existing Central and Southeast Ohio service areas in Columbus, Chillicothe, Circleville, Wellston and Georgetown, Ohio.

Rumpke has already begun serving former RLS customers and will mail notification letters to the new customers announcing the change. Rumpke will initially maintain the same collection schedule as RLS and customer service will remain uninterrupted during the transition.

Rumpke also welcomed nearly 50 new employees from RLS, including drivers, mechanics, equipment operators, laborers and office personnel.