JUNE 2011
                                        

  BUSINESS/ORGANIZATIONAL BRIEFS

Commercial Metals appoints Barbara Smith

Commercial Metals Company has appointed Barbara R. Smith as senior vice president and chief financial officer for the company. In this position, Smith will have responsibility for all financial functions of the company.

Prior to joining CMC, Smith was the vice president and chief financial officer for Gerdau Ameristeel in Tampa, Florida. She also served as senior vice president and chief financial officer for FARO Technologies, Inc. in Orlando, Florida. Her career included 24 years’ service with Alcoa Inc. where Smith held a variety of financial leadership positions including vice president of finance for Alcoa’s Aerospace, Automotive and Commercial Transportation Group; vice president and chief financial officer, Alcoa Fujikura Ltd.; and director of internal audit.

Smith was recently elected to the board of directors for Minerals Technology, Inc.

Smith will succeed Bill Larson who has been with CMC for 20 years, the last 12 in the role of CFO.

Choice Environmental acquires Lawson Sanitation

Swisher Hygiene Inc.’s subsidiary Choice Environmental Services will acquire Lawson Sanitation LLC, a Miami-based solid waste services provider. Swisher agreed to pay up to $5.5 million in cash, assume certain liabilities and issue of up to nearly a million common shares of Swisher stock, subject to certain conditions and approval of the Toronto Stock Exchange. Lawson has been in business since 2003 and serves commercial and residential customers in South Florida with a range of waste and recycling services. Lawson has been led by founder John Lawson, Jr., who brings 22 years of experience to the Choice Environmental team.

IESI-BFC Ltd. reports increased revenues

IESI-BFC Ltd. reported financial results for the three months ended March 31, 2011.

Reported revenues increased $158.8 million or 60.1 percent from $264.0 million in the first quarter of 2010 to $422.9 million in the first quarter of 2011 due in large part to our acquisition of Waste Services, Inc.

Organic gross revenue, which includes intercompany revenues, grew 3.9 percent on a consolidated basis and is comprised of total price and volume growth of 3.3 percent and 0.6 percent, respectively. Total price and volume improvements in Canada were 4.2 percent and 0.7 percent, respectively, and 2.6 percent and 0.5 percent in the United States. Each revenue growth component has been prepared on a comparable basis, as if WSI’s operations were combined with ours in the current and previously comparable quarter, and has assumed a foreign currency exchange rate of parity when prepared on a consolidated basis.

Warfield appointed development manager

Bill Warfield has been appointed to the position of business development manager of Geotechnical Drilling and Exploration (GDE) for Atlas Copco Construction & Mining, effective immediately.

In his new role, Warfield will work with Atlas Copco sales staff as well as engineering firms and contractors around the country to promote the entire GDE product line.

Most recently, Warfield had been product manager of Ground Engineering Products for Atlas Copco.

Round2 Inc. achieves R2 Certification

Round2 Inc., an eRecycling service provider, has achieved the Responsible Recycling (R2) certification for processing facilities in Austin and Coppell, Texas, as well as, Grove City, Ohio. Endorsed by the Environmental Protection Agency, the R2 Practices for Electronics Recyclers establish a hierarchy for the safe and responsible handling of electronic waste.

Metalico reports strong quarterly earnings

Metalico, Inc. reported earnings of $0.19 per share and net income of $8.8 million for the first quarter, with significant increases in sales and operating and net income.

The company posted sales of $182 million for the quarter ended March 31, 2011, compared to $134.1 million for the comparable 2010 quarter when it reported net income of $3.5 million or $0.08 per share. All per-share calculations are on a diluted basis.

Operating income increased 25 percent for the first quarter to $17 million, compared to $13.6 million for the prior-year period.

Effective January 1, 2011, the company has identified Platinum Group Metals (PGM) and Minor Metals Recycling as a new operating segment as a result of its growing importance. PGM and Minor Metals performance was previously included in the Scrap Metal Recycling segment.

Metalico’s management said the separation clarifies distinctions between the company’s traditional scrap metal recycling operations and the operations of its specialized PGM and higher-value Minor Metals recycling for reporting purposes. Platinum Group Metals include platinum, palladium, and rhodium, and Minor Metals include molybdenum, tantalum, tungsten, niobium, rhenium, manganese and chrome.

Where applicable, all previous year information reported by the company has been adjusted to reflect comparable data.

Bateman Manufacturing relocates operations

Bateman Manufacturing Inc. relocated their manufacturing operations from Orillia, Ontario to a larger facility in Shanty bay, Ontario. The growing demand for Bateman’s grapples and attachments has resulted in a decision to move to a larger facility that is designed for fabricating standard and custom attachments of all sizes.

Bateman also welcomed David Carey as its new sales and marketing manager. Carey brings with him 30 plus years of experience in the construction equipment industry.

The company expects production to be back to 100 percent by early June.

Becker appointed to sales team for Atlas Copco

Scott L. Becker has been appointed to the Surface Drilling Equipment (SDE) sales team at Atlas Copco’s Baltimore store. In his new role, Becker will report directly to Edward J. Hullet Sr., branch manager at the Baltimore location.

Becker has worked in the construction equipment industry since 1995. This includes five years in the drilling sector.

Schnitzer acquires American Metal Group

Schnitzer Steel Industries, Inc. has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, California.

Terms of the transaction were not disclosed.

Road Machinery new Terex Fuchs distributor

Road Machinery, LLC now distributes the full line of Terex Fuchs material handling machines built for scrap, portside and recycling applications. These machines are offered at its branches throughout Arizona, California and New Mexico, in addition to a location in El Paso, Texas.

Road Machinery, LLC began in 1955 in Phoenix as a sales and service based company for heavy machinery. The company experienced rapid growth and has since advanced to offer machines serving the construction, mining, road paving, industrial, energy, forestry and government segments. Today, Road Machinery has 14 locations throughout the states of Arizona, California and New Mexico, with one location in El Paso, Texas, and two locations in Mexico.

Copart, Inc. to relocate corporate headquarters

Copart, Inc. announced that it will be relocating its corporate headquarters to Dallas, Texas in 2012. Copart will also create three divisional processing centers located in Fairfield, California, Grand Prairie, Texas and Hartford, Connecticut. Certain functions currently performed at the Fairfield, California corporate headquarters will transition to these centers over the next two years.

Manufacturing team grows at Bunting Magnetics

Bunting Magnetics Co, headquartered in Newton, Kansas, announced the addition of Matt Anderson, manufacturing engineer, and Kenton Stumps, as a design engineer for their material handling product line.

Anderson will handle the overall workflow of active orders between our Technical Services group and the plant floor operations. Anderson has several years of experience in sheet metal fabrication and shop floor planning along with previous experience in CAD/CAM systems, job routing and tooling design. In the past, Anderson has designed and engineered new products for Weckworth Manufacturing in Haysville, Kansas and Hehr International in Newton, Kansas.

Stumps holds a Bachelor of Science degree in Mechanical Engineering from Wichita State University. Stumps has experience in the aerospace, construction and manufacturing sectors. He has a deep background in Catia V5, Solid Works and AutoCad software programs.

Stericycle acquires Healthcare Waste Solutions

Stericycle, Inc. has completed the acquisition of former rival Healthcare Waste Solutions (HWS), originally announced last September, from Altaris Capital Partners, LLC for $245 million.

HWS is expected to add about $45 million in annualized revenues. The United States Department of Justice (DOJ) and the state of New York cleared the transaction after Stericyle agreed to divest some of its New York assets, including a transfer station in the Bronx. The DOJ’s antitrust division, along with the attorney general of the state of New York, filed a civil antitrust lawsuit under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in U.S. District Court in Washington, D.C., to block the proposed transaction. Consequently, the value of the deal was reduced by $8 million to reflect the divestiture, various other adjustments, and a reduction for HWS’s indebtedness as of the closing date.

Derek Anderson appointed new district manager

Derek Anderson has accepted the new position of district manager for the South Central region of Atlas Copco’s Drilling Solutions (ADS,) Rock Drilling Tools, Surface Drilling Equipment, and Geotechnical Drilling and Exploration (GDE) product lines. His responsibilities include working with Atlas Copco distributors Luby Equipment and Venture Drilling Supply. In his new role, Anderson will continue to report directly to Scott Slater, business line manager for GDE and ADS Oil & Gas.

Anderson has worked for Ingersoll-Rand and Atlas Copco for a combined total of 15 years.

In addition to a focus on oil and gas related products, Anderson will be giving special attention to the quarry, mining and construction industries.

Schnitzer board declares quarterly dividend

The board of directors of Schnitzer Steel Industries, Inc. declared a cash dividend of $0.017 per common share, payable on June 2, 2011, to shareholders of record on May 19, 2011. Schnitzer has paid a dividend every quarter since going public in November 1993.

ALL Erection & Crane Rental Corp. expands

The ALL Erection & Crane Rental Corp. Family of Companies announced the expansion of their facilities with two branch relocations: one in St. Albans to Nitro, West Virginia and one in Tampa, Florida.

Crane & Equipment Rental Corp., formerly of St. Albans, West Virginia, celebrated its move to a larger facility in nearby Nitro with a day of grand opening festivities. With 38,000 sq.ft. under one roof, the new location will allow the company to organize its space to service customers more efficiently. Increased shop space will allow the staff to complete more work in a shorter amount of time, and with better oversight and supervision by shop foremen.

ALL Crane Rental of Florida in Tampa moved to 10 acre property, formerly occupied by another heavy equipment company. It offers 5 state-of-the-art buildings, including a 5,800 sq.ft. office, a 1,600 sq. ft. safety and training building; two shops with a total of 8 service bays; paint booths; and a large equipment yard.

Sims Metal acquires UK Metals Recycler

Sims Metal Management’s subsidiary, Sims Group UK Ltd., has completed the acquisition of Dunn Brothers Limited, a UK metals recycling business.

Dunn, a full-service ferrous and nonferrous recycler, operates 9 facilities that include a 6,000 horsepower shredder, nonferrous recovery systems and dock facilities. Dunn’s key shredding and non-ferrous recycling assets are located in its Birmingham facilities and are supported by a collection and export infrastructure extending from Southampton in the south, Ipswich in the east, Liverpool in the northwest, Avonmouth in the southwest and Barry in Wales. Dunn processes approximately 35,000 tons of scrap metal per month.

Eriez hires new heavy industries sales engineer

Eriez announced the appointment of Brian Vrablic to the new position of sales engineer – recycling.

In his new role, Vrablic will support the Eriez Heavy Industries Group, which is led by Dan Norrgran, heavy industries market manager. He will work closely with Al Gedgaudas, resource recovery market manager, and Mike Shattuck, heavy industries project manager, selling Eriez solutions to the metals recycling market.

Winters Bros. acquires Automated Waste Disposal

Winters Brothers Waste Systems CT, LLC has purchased Automated Waste Disposal’s companies from the U.S. Marshals Service.

Owners, Joe and Sean Winters are second generation veterans of the waste management industry having helped to build, own and operate Winters Bros. Waste Systems of Long Island.

After becoming aware of the opportunity to purchase the Automated Waste Disposal assets, Joe and Sean Winters, who will serve as the company’s CEO and senior vice president respectively, assembled a team of other veteran waste management professionals to ensure a successful launch of this new business initiative. The deal was brokered by the New York-based investment banking firm of Dominick and Dominick.

Financial terms of the transaction were not disclosed.

Dr. Vijay N. Madi named chief technology officer

Universal Stainless & Alloy Products, Inc. announced that Vijay N. Madi, Ph.D., has been named to the position of chief technology officer.

In this position, Dr. Madi will significantly strengthen the company’s technical support to customers as well as to provide the metallurgical expertise critical for its process improvement effort and product expansion strategy. Dr. Madi will lead the metallurgical process development at Universal Stainless and will oversee all company laboratory qualification and capability testing and analysis.

Dr. Madi most recently served as manager, process technology research, for AK Steel Inc in Middletown, Ohio, a post he held since 1999. Prior to 1999, Dr. Madi was employed by ARMCO where he held various senior positions including senior staff engineer and manager, steel technology.

Jeremy Hunter named GM of ALL Carolina Crane

The ALL Erection & Crane Rental Family of Companies has appointed Jeremy Hunter as general manager of ALL Carolina Crane Rental of Wilmington, LLC. He heads to Wilmington from the Atlanta branch of ALL Crane Rental of Georgia, where he served for 12 years as lead dispatch and logistics manager and previously as aerial dispatcher. Hunter began his career at ALL in 1997, working in the yard while attending Georgia State University, from which he graduated in 1999.

Hunter will be joined in Wilmington by his wife, Amanda Hunter, current accounts receivable and contracts manager at the Atlanta branch. She has worked for the ALL Family of Companies for almost a decade, gaining tremendous knowledge of the crane market. She will provide organizational support, ideas, and a wealth of productivity knowledge to the Wilmington branch.

Enthofen appointed product support technician

Aaron Enthofen has been appointed to the position of product support technician for Atlas Copco’s Edge Drill Monitor product line. In his new role, Enthofen will report directly to Jason Blais, product manager, Down-The-Hole Products.

Enthofen previously was with Wellbenders Directional Service. In his new position, his primary responsibilities will include complete product support for Edge DTH drill monitoring systems, supporting both Atlas Copco store and distributor channels.

CNH opens distribution center in Missouri

To expedite delivery of its remanufactured products to equipment dealers throughout North America, CNH has opened a remanufactured parts distribution center within its 260,000 square foot CNH Reman operations facility in Springfield, Missouri.

The distribution center will support Case IH, Case Construction Equipment, New Holland Agriculture, New Holland Construction, Kobelco and Fiat Powertrain Technologies (FPT) dealerships in North America, by shipping high-priority remanufactured products such as those with specialized or unique configurations, directly from the Springfield plant to dealers.

CNH sees remanufactured products as an opportunity for dealers to help equipment owners and operators achieve greater productivity while lowering their total cost of ownership.

Joe Sparano named to board of directors

BlueFire Renewables, Inc. announced that Joe Sparano has joined the company’s board of directors. As former president and, subsequently, executive advisor to the chairman of the board of the Western States Petroleum Association (WSPA), as well as former president of Tesoro Petroleum’s west coast regional business unit, Sparano is a welcomed addition to the BlueFire Renewables board.

Sparano is retired from WSPA at the end of March, after completing a fifteen month term as executive advisor to the chairman of the board of the association, where he advised the chairman and supported WSPA’s president on matters related to the trade organization’s operations and advocacy in six western states – California, Arizona, Nevada, Washington, Oregon and Hawaii.

Sparano also serves as a member of the board of directors of CVR Energy, Inc. Previously, Sparano served as WSPA’s president for almost seven years. Immediately prior to his appointment as WSPA’s president, Sparano was president of Tesoro Petroleum’s west coast regional business unit and vice president of the company’s heavy fuels marketing segment.