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  BUSINESS/ORGANIZATIONAL BRIEFS

Newalta declares second quarter cash dividend

Newalta Corporation has declared a quarterly cash dividend of $0.11 per common share for the second quarter of 2013, payable on July 15, 2013, to all shareholders of record on June 28, 2013. The ex-dividend date is June 27, 2013.

Newalta’s dividend reinvestment plan (DRIP) provides eligible shareholders with the opportunity to reinvest their quarterly dividends to acquire additional Newalta shares at a purchase price equal to 95 percent of the Average Market Price – as defined in the DRIP.

Newalta expects that the dividends will be eligible dividends for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.

Akro-Mils names product development manager

Akro-Mils has named Mike Iafigliola new product development manager.

In his new position, Iafigliola will drive Akro-Mils’ revenue growth through development, implementation and execution of new products and innovation initiatives.

Prior to joining Akro-Mils, Iafigliola was Commercialization and marketing project manager at MTD Products Inc., where he was responsible for developing and managing new products for the outdoor power equipment market.

He holds a bachelor’s degree in marketing from Cleveland State University and a master’s degree in business administration from Ashland University.

TransAxle LLC acquires Adelman’s Truck Parts

TransAxle has acquired Adelman’s Truck Parts of Cleveland, a regional remanufacturer of transmissions and differentials for half-ton and larger trucks.

“The addition of Cleveland to our existing network gives us a total of 23 branches. Our branch network will now span from Maine down through the Carolinas and as far west as Tennessee and Ohio. We will now be able to offer same or next day service as far west as Illinois. This new branch location will enhance our ability to serve local, regional or national customers with the full complement of TransAxle products. The entire Adelman’s Cleveland staff will be joining the TransAxle family, so the customer relationships forged in the past will continue without interruption,” stated David Olsen, CEO TransAxle LLC.

Krause moves equipment plant to San Diego

Krause Manufacturing, Bellingham, Washington, a division of the CP Group, will move equipment manufacturing to the CP Group World Headquarters in San Diego, California. Krause will retain offices in Bellingham.

CP made significant investments into their manufacturing plant in San Diego by moving locations at the end of 2012, increasing space from 50,000 sq.ft. to 120,000 sq.ft.

The move is scheduled to take place in July. Krause, established in 1963, is celebrating their 50th year of business this year.

Alcoa chooses president of global primary products

Alcoa revealed that Robert Wilt, currently chief operating officer of Alcoa’s Global Primary Products (GPP) business, has been named president of Global Primary Products. Wilt will succeed Chris Ayers, who is leaving Alcoa to become president and chief executive officer of Wireco World Group.

In his new role, Wilt will have overall responsibility for the primary business that includes global aluminum smelters, refineries and mines throughout the U.S., Latin America, Australia, Iceland, Guinea, Europe and Canada. Wilt is a member of the Alcoa Executive Council, the senior leadership team that sets strategic direction for the company.

Wilt joined Alcoa in 1999 as superintendent at the company’s U.S. metals operations in Alcoa, Tennessee. He became plant manager at Alcoa’s Wenatchee, Washington, smelting facility in 2001, then served as vice president of energy development and vice president of operational excellence for GPP. He was named president of Alcoa’s U.S. primary products business in 2009 and to his current position earlier this year.

Ayers joined Alcoa in February 2010 as chief operating officer of Alcoa cast, forged and extruded products. He was later named chief operating officer of Alcoa’s primary business and became president of GPP in May 2011.

Nucor declares 161st consecutive cash dividend

The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3675 per share on Nucor’s common stock.

This cash dividend is payable on August 9, 2013 to stockholders of record on June 28, 2013, and is Nucor’s 161st consecutive quarterly cash dividend.

BACE promotes Tom Fahrland to VP of sales

BACE, a manufacturer of heavy duty balers and compactors for use in the recycling and waste management industry, has promoted Tom Fahrland to the position, vice president of sales.

Fahrland joined BACE 3 years ago, bringing more than 40 years of experience distributing and selling recycling equipment.

Schweitzer chosen as marketing manager

KPI-JCI and Astec Mobile Screens named Melinda Schweitzer marketing manager.

Schweitzer, who has had 12 years of successful experience in the marketing field, most recently worked at Avera Sacred Heart Hospital in Yankton, South Dakota, as a physician recruitment director.