wins new product award for wire stripper
Governor Jim Doyle congratulated 11 recipients of the
Governor’s New Product Awards. The awards were made
at the 35th annual Governor’s New Product Awards
Banquet, held April 13, 2006 at SC Grand’s, DePere,
Wisconsin. Department of Commerce Secretary Mary P. Burke
presented the awards on behalf of Governor Doyle.
Automated Recycling Products Incorporated
(ARPI), of Stoughton, Wisconsin took third place in the
Small Company (50 or fewer employees) category. They manufacture
a power wire stripper for stripping plastic coated wire.
“These Wisconsin manufacturers
contribute to the state’s economic growth through
the development, manufacturing and marketing of new and
innovative products,” Governor Doyle said.
announces new chairman and declares 2-for-1 stock split
NC— Nucor Corporation announced that its
president and chief executive officer, Daniel R. DiMicco
has assumed the additional role of chairman. DiMicco has
been with Nucor for 23 years and has served as president,
CEO and a member of the board of directors since September
2000. He has served as vice chairman since June 2001.
Nucor’s board of directors has
also designated Peter C. Browning, formerly non-executive
chairman of the board, as its lead director. Browning
has been a director since 1999 and non-executive chairman
since September 2000.
Nucor’s board of directors also
approved a 2-for-1 stock split that will be effected by
issuing one additional share of common stock for each
share held by stockholders of record on May 19, 2006.
The additional shares will be distributed on or about
May 31, 2006. The stock split is intended to broaden interest
in Nucor’s common stock and improve its marketability.
Nucor’s board of directors believes the stock split
is appropriate in view of the company’s strong results
and favorable long-term business outlook.
On the record date of the stock split,
the board of directors’ prior authorization to repurchase
shares of Nucor’s common stock will double to approximately
25.3 million shares.
to purchase assets of Connecticut Steel
NC— Nucor Corporation announced that its
wholly owned subsidiary, Nucor Steel Connecticut, Inc.,
has completed the purchase of substantially all of the
assets of Connecticut Steel Corporation for a cash purchase
price of approximately $43 million, subject to post-closing
Located in Wallingford, Connecticut,
the bar products mill has an annual capacity of approximately
300,000 tons of wire rod and rebar and approximately 85,000
tons of wire mesh fabrication and structural mesh fabrication.
acquires assets of Simkins Industries
Québec— Cascades Inc. announced that
it has acquired certain assets of the paperboard division
of Simkins Industries located in Ridgefield, New Jersey
and in New Haven, Connecticut, for $12.5 million (US).
The board mill located in Ridgefield, New Jersey will
be closed within a short period of time while the mill
in New Haven will continue to operate during a transition
period the duration of which has yet to be finalized.
Concurrently with the purchase of these
assets, Cascades and Simkins entered into a multi-year
Supply Agreement for the supply of recycled coated boxboard
to Simkins’ folding carton plants.
Simkins Industries is a privately-owned
company which manufactures boxboard made of 100% recycled
fibers, quality folding cartons and specialty papers.
sells packaging segment
Smurfit-Stone Container Corporation announced
that it has entered into an agreement to sell all of the
assets of its consumer packaging segment to a company
formed by Texas Pacific Group for approximately $1.04
billion in cash. Texas Pacific Group has arranged financing
for the transaction, which the parties expect to complete
by the end of the second quarter.
The businesses to be sold employ approximately
6,600 employees and include 4 coated recycled boxboard
mills, 39 consumer packaging converting operations; and
a consumer packaging converting plant in Brampton, Ontario.
appoints new president and COO
ADESA, Inc. chairman and CEO David Gartzke announced that
the company’s Board of Directors has appointed Angel
Rodolfo Sales as president and chief operating officer.
Sales will be responsible for the day-to-day
operation of the ADESA, Inc. as the company continues
its efforts to operate with a one-company focus and coordinate
operations. He has been a member of ADESA Inc.’s
Board of Directors since May 2004 and served on its audit
committee and corporate governance and nominating committee.
Sales will remain on the Board.
Equipment distributes for Harris
Norton Equipment Company, based in Mississippi,
is a new Harris equipment distributor for the states of
Mississippi, Louisiana and western Tennessee.
The distributorship will include sales
and service for all Harris Selco vertical, horizontal
and Two-Ram balers, including Centurion/HRB brand balers.
Norton Equipment has twenty years of
experience in the waste handling and recycling service
Scale earns NTEP Certification
PC Scale has earned the National Type
Evaluation Program (NTEP) certificate for their newest
scale house software version. PC Scale software will meet
operational, environmental and regulatory requirements.
NTEP certification is necessary to ensure
that applicable requirements for commercial weighing and
measuring are being met.
Recycling sold to European company
Metal Management, Inc. and Southern Holdings announced
the sale of Southern Recycling to European Metal Recycling
Ltd. (EMR) for $161.4 million in cash.
Headquartered in Covington, Louisiana,
Southern Recycling is the largest scrap metal recycler
in the Gulf Coast region with 15 facilities in Louisiana,
Alabama, Mississippi and Florida.
Prior to completion of the transaction,
Southern Holdings owned 71.5 percent of Southern Recycling
and Metal Management, Inc. owned the remaining 28.5 percent.
Waste announces senior notes offering
AR— Allied Waste Industries, Inc. (Allied)
announced that its wholly-owned subsidiary, Allied Waste
North America, Inc. (AWNA), is commencing a tender offer
to purchase any and all of its $600 million in aggregate
principal amount of outstanding 8 7/8% senior notes due
2008 (2008 Notes) through a cash tender offer (Tender
Offer) with the proceeds from a concurrent private placement
of $600 million in aggregate principal amount of senior
notes due 2016 (Notes Offering).
The senior notes being offered by AWNA
in the Notes Offering will not be registered under the
Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent registration or an
applicable exemption from registration requirements. The
senior notes are being offered only to qualified institutional
buyers under Rule 144A and outside the United States in
compliance with Regulation S under the Securities Act.
International adds new processing line
A new e-scrap processing line at Metech
International’s Worcester, Massachusetts facility
will provide additional processing capability and capacity.
The new line will enable the company
to provide high volume product destruction and material
recovery services. The new line, which cost in excess
of $1.25 million dollars, is designed to shred and process
end-of-life electronic systems into basic metallic and
elected chairman of Ecolab board
MN— The Board of Directors of Ecolab Inc.
has elected Douglas M. Baker, Jr., currently president
and chief executive officer, to the additional post of
chairman of the Board. Baker succeeds Allan L. Schuman,
who retired from the board. Schuman was named to the honorary
post of chairman emeritus.
Environmental acquires Belgian company
Veolia Environmental Services has entered
the Belgian waste market through the purchase of Severn
Trent’s subsidiary, Biffa Belgium.
The deal includes the commercial and
domestic waste businesses, the Special Waste Division,
including its pre-treatment facility in Antwerp and the
gas generation operations in the Walloon region.
administrator named for EPA Region 5
United States Environmental Protection Agency Region 5
named Bharat Mathur as acting regional administrator and
acting Great Lakes National Program manager following
the recent departure of regional administrator Thomas
V. Skinner to return to the private sector. As acting
regional administrator, Mathur leads the implementation
of federal environmental programs in Illinois, Indiana,
Michigan, Minnesota, Ohio and Wisconsin.
At the time of his appointment, Mathur
was serving as deputy regional administrator. He joined
EPA in January 2000 as director of the Air and Radiation
Division after a lengthy career with the state of Illinois
where he managed Illinois EPA offices dealing with air
pollution, hazardous and solid waste, and Clean Water
Act programs. He has undergraduate and graduate degrees
Services, Inc. acquires Tampa business
ON— Waste Services, Inc. announced May 15
that it has closed the acquisition of Liberty Waste, LLC
to expand its operations in the Tampa, Florida market.
Liberty Waste is a collection operation based in Tampa
with two transfer stations located in Tampa and Clearwater.
The transfer stations are both permitted to accept construction
and demolition and Class III waste volumes. The company
expects to close the previously announced acquisition
of Sun Country Materials, LLC when it receives its final
unappealable expansion permit.
board approves stock split
MD— Envirosafe Corporation announced shareholder
and Board approval of a two for one forward split of all
issued and outstanding shares.
The ratio of the distribution will be
one additional share for every share that is held. The
record date is May 5, 2006 and the documentation has been
filed with NASDAQ Market Operations.
Trading Group Inc. now a NEXGEN distributor
BC— Varsek Trading Group Inc. was appointed
as an authorized distributor for NEXGEN Baling Systems,
a division of Marathon Equipment Company. Varsek Trading
owner, Peter Varsek, has been in the business of sales
and service of recycling equipment and related products
announces first quarter 2006 results
VA— Trex Company, Inc. announced financial
results for the first quarter ended March 31, 2006.
Net sales for the first quarter of 2006
totaled $105.3 million, compared to net sales of $89.9
million for the first quarter of 2005, which represented
a 17.1% increase. The Company reported net income for
the 2006 first quarter of $4.2 million, or $0.29 per diluted
share, compared to net income of $8.4 million, or $0.56
per diluted share, for the 2005 first quarter.
moves to East Manufacturing
OH— Mark Holtz joined East Manufacturing
as vice president of sales and marketing, announced David
Tate, president. In his new position, Holtz will be responsible
for all phases of direct- and dealer-based selling activities
for East aluminum trailers, parts and aftermarket support,
along with managing the marketing efforts of the company.
Prior to joining East, Holtz spent 28
years with Alcoa. For the past five years he was manager
of marketing and technology for the Alcoa Commercial Vehicle
Wheel business group in Cleveland, Ohio, and is named
on Alcoa’s patent for the Dura-Bright® surface
treatment process for aluminum wheels. Holtz spent eight
years as technical manager for the Alcoa Wheel Products
division, and also held various positions in product engineering
and technical development management for Alcoa’s
forged products business in Cleveland.
W. Beck hires Demme as vice president
R. W. Beck, Inc. announced the addition
of David C. Demme, P.E. to the firm as a vice president
responsible for growing its Water and Waste Resources
Practice throughout the northeastern United States.
Demme is a registered professional engineer
with 30 years of business development, project management
and engineering experience.
Prior to joining the firm, Demme was
the alternative delivery systems practice leader at HDR
Engineering, an architectural, engineering and consulting
firm, where he managed major wastewater treatment, solid
waste and water treatment projects. He also worked for
Camp Dresser & McKee.