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JuLY 2007

BUSINESS/ORGANIZATIONAL BRIEFS

Barnes & Click merges with R. W. Beck

R. W. Beck, Inc. and Barnes & Click, Inc. jointly announced their agreement to merge Barnes & Click into R. W. Beck, effective June 30.

Barnes & Click provides management and engineering consulting services focused on the petroleum refining, gas midstream and petrochemicals industries. A business consulting firm, R. W. Beck serves the energy, water and solid waste industries providing engineering, economic, financial and planning solutions.

Barnes & Click will continue to operate under current management and the same name, as a division of R. W. Beck, Inc.

Eriez Manufacturing expands headquarters

Eriez recently completed a 30,000 square foot expansion of its plant located in Erie, Pennsylvania, which serves as the company’s headquarters.

The additional space gives the company the ability to manufacture large magnets and systems in-house.

Dan Norrgran, Eriez’ heavy industries market manager, explains “We look forward to the opportunity the expansion provides to help us serve our existing customers better, and anticipate welcoming new customers as a result of our improved capabilities.”

The Erie plant houses the company’s sales, marketing, engineering, research and manufacturing operations, as well as corporate offices. Before the expansion, which was begun in fall 2006, the plant was 100,000 square feet.

Veolia Environmental acquires TMT

Veolia Environmental Services announced the signing of an agreement for a controlling interest in TMT, a waste management and treatment subsidiary of Termomeccanica Ecologia in Italy. The transaction concerns 75% of the shares based on an enterprise value (100%) of $338 million. The stake may be raised to 100% by 2012.

TMT is specialized in the design, build and operation of waste treatment facilities.

The company is the largest private operator in the thermal waste treatment market in Italy, managing seven treatment facilities in different regions of the country. It also has a portfolio of particularly interesting contracts for future plants, some of which are already under construction.

Fischbeck joins Olympic Wire and Equipment

Olympic Wire and Equipment, Inc., a supplier of industrial baling wire and equipment for environmental waste and recycling solutions, announced that Tom Fischbeck has joined the company as a regional sales manager.

As a regional sales manager, Fischbeck is responsible for selling Olympic’s line of balers, compactors, shredders and baling wire throughout Southern and Central California, Utah and Southern Nevada.

Prior to joining Olympic, Fischbeck held outside sales positions in the fork­lift industry with two different Clarklift truck dealerships.

Global Resource Corp. names new executive VP

Global Resource Corp. (GRC) announced it has named David DeClement as executive vice president.

GRC chose DeClement for the role based on his background in environmental policy matters, engineering and his broad experience in pyrolysis, a process that decomposes materials through application of microwaves.

Most recently, DeClement was an attorney representing interests from the solid waste industry. DeClement’s background includes four years as case manager for the Department of Environmental Protection, where he reviewed environmental remediation of underground storage tanks. DeClement was also president of Polyvac, a bacteria sales company based in Allentown, Pennsylvania.

OMNI Energy Services completes acquisition

Omni Energy Services Corp. announced the completion of the previously announced acquisition of certain assets of Bailey Operating, Inc. (BOI) for $1.3 million in cash and $0.5 million in a subordinated promissory note. The subordinated promissory note matures three years from closing and accrues interest at the rate of 5% per annum. The cash portion of the purchase price will come from available working capital funds under Omni‘s revolving line of credit.

The assets acquired include a salt water disposal well, related permits and well-site equipment located on approximately five acres of land in Bowie, Texas. OMNI currently operates two salt water disposal wells in Louisiana through its recent acquisition of Charles Holston, Inc. For the fiscal year ended December 31, 2006, BOI reported earnings before interest, taxes, depreciation and amortization of $0.7 million on revenues of $1.2 million.

Hirschmann names new premier dealer

Hirschmann Automation and Control (PAT), Chambersburg, Pennsylvania has named Aztec Machine & Repair their premier dealer for the states of New Mexico, Colorado, and Wyoming.

In addition to being a full-service Premier Dealer carrying Hirschmann’s entire line of PAT and Krueger crane operator aids, Aztec will also sell and service Hirschmann’s overload protection and weighing systems for EOT cranes and material handling applications.

Zatec Machine & Repair is headquarted in Aztec, New Mexico.

R. W. Beck acquires Plexus Research, Inc.

R. W. Beck has acquired technology and management consulting firm, Plexus Research, Inc.

Since 1985, Plexus has offered utility industry consulting services in the technologies, applications and economics of advanced energy systems, especially in the areas of Advanced Metering Infrastructure (AMI), Automated Meter Reading (AMR) applications, load management, premises automation, telecommunications, customer communications and demand response.

Abbott, along with the management team of Plexus, will become R. W. Beck employees adding numerous years of industry experience in utility customer systems applications and communications, energy management and metering.

U-Pull-&-Pay purchases Super U Pull, ABQ Auto

U-Pull-&-Pay (UPAP) located in Cincinnati, Ohio purchased the assets and business of Super U Pull, ABQ Auto Recyclers, previously owned and operated by Terry and Mary Mandel. The Mandels will continue to manage the store.

U-Pull-&-Pay will operate the Albuquerque self-serve used auto parts store under the U-Pull-&-Pay (UPAP) name, but plans to continue to use the Super U Pull, ABQ Auto Recyclers name during a transition period.

The Super U Pull site is located in Albuquerque and spans 50 acres. It holds 3,500 automobiles for the retail public to remove needed body panels, drive train components, or other auto accessories for purchase.

Polyurethanes Industry chooses new director

The American Chemistry Council (ACC) announced that Neeva-Gayle A. Candelori is the new director of the Center for the Polyurethanes Industry of the American Chemistry Council.

Candelori brings over 12 years of plastics industry experience to this role, having worked for leading chemical and plastic industry trade associations.

Prior to joining the American Chemistry Council, Candelori held positions at The Society of the Plastics Industry and The American Plastics Council. Her prior roles involved managing industry issues for the vinyl, color and additives and the healthcare sectors.

Candelori holds a Bachelors degree in economics from the University of Maryland.

Pacific Coast Steel acquires contractor assets

Gerdau Ameristeel Corporation announced that Pacific Coast Steel (PCS), a Gerdau Ameristeel joint venture, has agreed to purchase the assets of Valley Placers, Inc. (VPI), a reinforcing steel contractor in Las Vegas, Nevada. The transaction is expected to close in the next 30 days. Terms of the transaction were not disclosed.

In addition to contracting activities, VPI operates a steel fabrication facility and retail construction supply business in Las Vegas. VPI currently employs more than 110 field ironworkers and specializes in smaller commercial, retail and public works projects.

Hendrickson promotes Jon Jeffries

Henrickson Trailer promoted Jon Jeffries to director of trailer OEM sales and hired an account manager from Dana Corp. following the acquisition of Dana’s trailer axle assets.

Jeffries will provide direct supervision to the trailer account managers and maintain ongoing working relationships between the Hendrickson Trailer Suspension Systems and OEMs in the United States and Canada.

A nine-year veteran of Hendrickson, Jeffries has held a number of positions of increasing responsibility including senior trailer account manager. Jeffries will work out of Indianapolis, Indiana.

Pat Brandt, who assumed the position of trailer account manager reporting to Jeffries, joined the Hendrickson sales group from Dana.

Working from Kalamazoo, Michigan Brandt maintains responsibility for the western United States. He served as business development manager at Dana for the past two years capping 22 years in positions of increasing responsibility.

Metalico acquires Pennsylvania recycler

Metalico, Inc. announced the purchase of Tranzact Corporation, a recycler of molybdenum, tantalum and tungsten scrap.

Metalico expects that the acquisition will be accretive immediately.

Tranzact Corporation is located in Quarryville, Pennsylvania, where its metal warehousing, processing and trading operations are housed. Its principal scrap metal, molybdenum, has traded in a range of $25 to $30 per pound in recent months.

Financial terms were not disclosed.

Gerdau Ameristeel announces new COO

Gerdau Ameristeel Corporation announced the appointment of Terry Sutter as vice president, chief operating officer, effective June 11, 2007, reporting to the president and CEO, Mario Longhi. In assuming the COO executive position, Sutter will be responsible for all the company’s steel manufacturing and commercial operations, as well as procurement and logistics.

Sutter joined Gerdau Ameristeel with more than 20 years of experience in international and North American manufacturing operations with such companies as Honeywell/Allied Signal, Inc., Cytec Industries, and Tyco International.

Prior to joining Gerdau Ameristeel, Sutter was president of Plastics and Adhesives for Tyco International and was subsequently named president and CEO of Covalence Specialty Materials Corp., a successor company of Tyco Plastics and Adhesives, after its divestiture to Apollo Management, a private equity firm.

Sierra International sets partnership in IPS Balers

Sierra International Machinery, LLC, headquartered in Bakersfield, California, announced it has signed a letter of intent to invest in an equity position with IPS Balers, Inc. of Baxley, Georgia. The new company will be called Sierra/IPS Inc.

“We are very pleased to have the opportunity to join with our colleagues at IPS to expand on the production and sale of baling equipment and technology for the nonferrous metals, recovered fiber, and solid waste industries,” said Sierra International president John Sacco.

The new company will remain headquartered in its current Baxley, Georgia facility. IPS principals, Sidney Wildes, president and Forrest Wildes, vice president will remain in their leadership roles with the company.

Alabama waste company acquired for $36 million

Advanced Disposal Services Inc. has acquired Arrow Disposal Service, Inc., an Alabama-based solid waste company for $36 million.

Arrow is based in Abbeville near Dothan and provides commercial and residential collection services in multiple counties and cities in Alabama, including Hoover, Vestavia Hills and Gardendale.

Commercial Metals realigns organization

Commercial Metals Company, headquartered in Irving, Texas, announced a realignment in operational and management structure to become effective September 1.

CMC executive vice presidents Russell Rinn and Hanns Zoellner will assume expanded management responsibilities for two newly formed operational units, CMC Americas and CMC International.

Rinn will serve as president of CMC Americas and Zoellner as president of CMC International. CMC Americas’ operations will include all of CMC’s domestic mills and fabrication units, CMC Recycling and the CMC Dallas Trading division of the existing marketing and distribution segment.

CMC International will include all mill, recycling, fabrication and marketing and distribution operations located outside the Americas as well as the CMC Cometals and CMC Commonwealth Metals divisions of the existing marketing and distribution segment due to their strong involvement with international sourcing and sales.

Covanta to run energy-from-waste facility

Covanta Holding Corporation has entered into a ten-year agreement with the Harrisburg Authority to maintain and operate their 800 ton-per-day energy-from-waste facility located in Harrisburg, Pennsylvania. The facility is capable of generating over 24 MW of clean, renewable electricity and has the ability to sell steam. With this agreement, Covanta operates 32 energy-from-waste facilities domestically.

Under the agreement, Covanta will earn a base annual service fee of approximately $10.5 million, which is subject to annual escalation. Further, Covanta receives incentive fees to increase facility production, which will reduce the Authority’s waste disposal cost. Covanta has also entered into a Construction Management Agreement with the Authority to manage and provide funding for certain facility improvements required to enhance facility performance.

Nucor declares quarterly dividend

The Board of Directors of Nucor Corporation declared their regular quarterly cash dividend of $.11 per share on Nucor’s common stock plus a supplemental dividend of $.50 per share, for a total dividend of $.61 per share.

The dividend is payable to stockholders of record on June 29, 2007.

Waste Industries declares quarterly cash dividend

Waste Industries USA Inc., a regional, non-hazardous solid waste services company, announced that its board of directors declared a quarterly cash dividend. The quarterly dividend of $0.12 per share is payable June 22, 2007 to shareholders of record at the close of business on June 8, 2007.