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
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
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
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
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,
Terms of the transaction were not disclosed.
Timken acquires City Scrap
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
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.
Environmental appoints director
BacTech Environmental Corporation has appointed a new member
to its board of directors.
MaryAnn Mihychuk has joined the board of
BEC effective immediately. Mihychuk is a professional geoscientist
with over 33 years of experience in the mining industry. She
presently advises public and private companies on issues related
to governance, social responsibility and regulatory matters.
Prior to that, she was director of corporate relations for HudBay
Minerals. She also held the position of minister of mines in
the Manitoba government and served as a member of the Manitoba
Legislature for nine years.
Mihychuk has extensive community engagement
experience with Canada’s Aboriginal Peoples and was instrumental
in building a relationship between the Prospectors and Developers
Association of Canada (PDAC) and Assembly of First Nations. Mihychuk
is also the founder and chair of Women in Mining Canada and she
sits on the board of the PDAC.
The BEC board of directors has also approved
the issuance of 2,100,000 options to purchase common shares of
the company to twelve directors, officers, employees and consultants
of the company. The exercise price of the options is $0.15. They
are subject to a four month hold and have a term of five years.
The total number of outstanding options under
the company’s plan is 2,100,000 or approximately 7.8 percent
of the outstanding shares.
Rosenthal joins Upstate Shredding
Adam Weitsman, president of Upstate Shredding – Ben Weitsman & Son,
announced that Adam S. Rosenthal has joined the company as director
of acquisitions. Prior to joining Upstate, Rosenthal was general
manager of scrap metal facilities for Schnitzer Steel Industries,
Prior to joining Upstate, Rosenthal had operational
responsibility for six northeastern Schnitzer Steel facilities.
Before that, he held management positions with New York Recycling
Ventures, a division of Metal Management NE, Inc.; W. Silver
Recycling; Commercial Metals Company; Albert Bros., Inc.; Recycling
Industries; Staiman Recycling/Brothers; David J. Joseph Company
and World Resources.
International names Martin Sergi as CFO
Tire International Environmental Solutions, Inc., announced
that it has named Martin Sergi as chief financial officer. Sergi
was also elected to the company’s board of directors.
Sergi has over 25 years of experience in
running private and publicly owned waste management companies
in the tire recycling business. He has raised over $1 billion
in debt and equity financings over the years and has successfully
built companies from inception to $200 million in sales and $350
million in assets.
Sergi served as chief executive officer of
PermaLife Products from 2001 to 2010. Prior to PermaLife, he
was chief executive officer and chief financial officer of KTI
Holdings. He built or acquired over 100 recycling facilities
in 20 states and Canada and managed an operating staff of over
Sergi is currently president of Mall at the
Galaxy in Guttenberg, New Jersey. He formerly was a senior manager
for Ernst & Whinney.
Reiter appointed to NRC board of directors
Mark Reiter, assistant vice president and chief lobbyist for
the Institute of Scrap Recycling Industries (ISRI), has been
appointed to the board of directors of the National Recycling
Coalition (NRC) as part of an expansion of its board of directors.
The new appointee will serve for one year
and then be eligible to stand for election.
Enviromental names new CEO and director
Bion Environmetal Technologies, Inc. announced
that Bill O’Neill joined Bion’s management team as its chief
executive officer and a member of Bion’s board of directors,
effective January 1, 2011.
O’Neill has over 20 years experience in the
agriculture and food services industries. Most recently, he served
as vice president – business development for Advance Brands.
Throughout his career, O’Neill has focused on leveraging the
latest technologies to the competitive advantages of his customers.
His advance recognition of cutting edge methodologies in both
manufacturing processes and retailer strategies has provided
a primary basis for his successful senior management career.