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BUSINESS/ORGANIZATIONAL
BRIEFS
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Cascades to acquire
recycled tissue
business
Cascades Inc. announced
that it has reached
an agreement with
Atlantic Packaging
Products Ltd. to
acquire its tissue
business for the
price of approximately
$60 million.
Once completed,
this transaction
will enable Cascades
Tissue Group to
increase its annual
capacity of recycled
tissue by 55,000
tons, while augmenting
converting capacity
by close to 70,000
tons.
These assets are
located in or close
to Toronto, thereby
increasing the number
of Cascades employees
in Ontario by 175
for a total of 2,175
employees in that
province alone.
This transaction
is subject to the
usual conditions,
including the approval
of the Competition
Bureau. The parties
expect to complete
the transaction
within 15 days following
the date such approval
is obtained.
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Veolia names account
manager of the
year
Veolia ES Technical
Solutions named
Andy Jung the top
account manager
for 2008. Jung is
a sales representative
for Veolia ES Technical
Solutions’ Mountain
Branch, which manages
hazardous and non-hazardous
wastes for a variety
of industries including
pharmaceutical,
aerospace, biotechnology
companies and universities.
The annual contest
consists of an evaluation
of the account managers’
performance in six
areas: revenues
vs. budget, product
line performance,
receivables, new
revenue, time management
and report management.
The sales manager
from each of Veolia
ES Technical Solutions’
12 branches nominates
an account manager
for the award.
Jung has been with
Veolia ES Technical
Solutions’ Mountain
Branch for two years
as an account manager.
His territory encompasses
northern and western
Colorado as well
as Wyoming.
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Thermo Fisher Radiation
expands distribution
Thermo Fisher Scientific
Inc. announced
that its Radiation
Measurement and
Security Instruments
(RMSI) business
will expand its
distribution agreement
with ICx Radiation
to comprise all
of the ICx Radiation
product lines.
The RMSI team
has successfully
partnered with
ICx Radiation
over the last
15 years in the
distribution of
the Thermo Scientific
identiFINDER,
as well as the
development and
launch of the
Thermo Scientific
Interceptor spectroscopic
personal radiation
detector (SPRD)
in 2006. ICx Radiation
is a business
unit of ICx Technologies,
a developer of
advanced technology
solutions for
homeland and military
security based
in Arlington,
Virginia.
The expanded agreement
will enable a
wider distribution
range of radiation
detection solutions
including multi-channel
analyzers and
next generation
radionuclide identifier/pager
systems.
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Atlas Copco extends
warranty on breakers
Atlas Copco has
extended the warranty
for light and medium
hydraulic breakers
to three years.
The newly developed
1+2program offer
is free of charge
on all SB and MB
range hydraulic
breakers purchased
after July 1, 2009.
“During the three-year
period, maintenance
according to the
operating instructions
is required,” explains
Jörn Weise, product
line manager for
Attachment Solutions
at Atlas Copco Construction
Tools. “The 1+2program
is meant to protect
the customer’s investment
and achieve a higher
resale value.”
The 1+2program offers
a free-of-charge
warranty extension,
unlimited operating
hours and includes
the warranty coverage
for the breaker’s
main components,
including the piston.
“An online registration
is needed to obtain
the warranty extension,”
added Weise. “Customers
can register at
www.1plus2program.com.”
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Tetra Tech acquires
Bryan A. Stirrat & Associates
Tetra Tech, Inc.
has acquired Bryan
A. Stirrat & Associates
(BAS), a Southern
California-based
consulting and engineering
firm. BAS provides
highly specialized
landfill design,
leachate and hazardous
waste management,
energy recovery,
and groundwater
protection services
for municipal and
commercial customers.
BAS generates revenue
of approximately
$40 million per
year, and has a
staff of about 150
located in six offices
throughout California
and Arizona.
Tetra Tech has worked
with BAS on many
high-profile landfill
remediation programs
including a 168-acre
brownfield redevelopment
near Los Angeles,
California. The
terms of the acquisition
were not disclosed.
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RecycleBank and
Routeware collaborate
RecycleBank announced
that they are collaborating
on a joint marketing
agreement with Routeware,
Inc., a provider
of automated waste
solutions. This
agreement will offer
municipalities and
private haulers
innovative technology
that keeps recycling
easy for residents
and both fast and
economically responsible
for municipalities
and waste haulers.
This collaboration
will allow communities
and haulers to now
be considered “RecycleBank
Ready”.
Routeware, Inc.
has developed a
waste solution that
employs GPS technology
that can accurately
validate that a
household has participated
in the RecycleBank
program. Trucks
are equipped with
an in-cab touch
screen monitor to
provide driver validation
combined with GPS
technology to correctly
identify a household
collection. No additional
time is needed as
this seamlessly
works during the
pick-up process.
Information is then
transmitted to RecycleBank
servers and households
receive their earned
Points.
“Many municipalities
already use a cart
system to collect
recyclables from
households, so the
Routeware solution
becomes an easy
way for haulers
and communities
to offer recycling
with minimal added
costs,” said Scott
Lamb, COO of RecycleBank.
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Titan takes on new
Canadian trailer
dealer
Titan Trailers has
appointed Ocean
Trailer, Inc., of
western Canada,
as exclusive distributor
for Titan Trailers
for the Provinces
of British Columbia,
Alberta, Saskatchewan
and Manitoba.
Ocean Trailer was
established as a
trailer rental business
in 1981. The firm
later developed
its sales business
as an authorized
dealer for a large
United States-based
trailer manufacturer.
Ocean Trailer now
represents several
major trailer brands
through five branches
in British Columbia,
Alberta and Manitoba.
The firm’s sales,
leasing, rental
and trailer service
operations now employ
more than 220 staff
and has a rental/lease
fleet of more than
8000 units.
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GreenMan Technologies
appoints board
member
GreenMan Technologies,
Inc., announced
that Kevin M. Tierney,
Sr. has joined the
Company’s board
of directors. Tierney
has also been appointed
chairman of the
audit committee.
Since 2006, Tierney
has served as the
president and chief
executive officer
of Saugusbank, a
$200 million, state
chartered community
bank located in
Saugus, Massachusetts.
In this role, Tierney
works directly with
regulatory agencies
and industry associations
on supervisory,
oversight and legislative
matters.
Prior to joining
Saugusbank, he was
executive vice president
and general manager
of BISYS Group’s
Corporate Financial
Solutions Division,
where he led the
creation of a new
business unit providing
corporate banking
services to Fortune
500 treasury departments
as well as to the
life insurance and
health insurance
industries.
Before that, Tierney
was executive vice
president and chief
operating officer
of Abington Bancorp,
a $1.2 billion,
publicly traded
bank holding company.
At Abington, Mr.
Tierney oversaw
the acquisition
of several banking
franchises that
expanded business
lines and grew the
company’s footprint
which, combined
with organic growth,
enabled the company
to grow from a $400
million to a $1.2
billion company.
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Safety-Kleen opens
branch in Central
Illinois
Safety-Kleen has
opened its Goodfield,
Illinois, branch
facility to provide
customers in the
Peoria, Bloomington
and Galesburg metropolitan
areas with industrial
waste management
services and a full-line
of parts washing
equipment and related
services.
The Goodfield facility
has 2,400 square
feet of office and
warehouse storage
space but waste
material will not
be processed on-site.
Instead, all collected
waste materials
will be transferred
to Safety-Kleen’s
recycling center
in Dolton, Illinois,
for further processing.
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Sims Metal Management
buys assets of
Fairless Iron
Sims Metal Management
Limited announced
the acquisition
of the assets of
Fairless Iron & Metal,
LLC (Fairless) in
Morrisville, Pennsylvania.
Fairless, a full-service
ferrous and non-ferrous
recycler, operates
two principal facilities
including a state-of-the-art
mega-shredder, non-ferrous
recovery systems
and a deep water
port export facility.
Fairless processes
approximately 60,000
tons of scrap metal
per month sourced
principally from
New Jersey, New
York, Eastern Pennsylvania
and the inland United
States via rail.
The financial terms
of the transaction
were not disclosed.
The transaction
will be immediately
accretive to the
earnings of Sims
Metal Management.
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Sunpower appoints
new chief executive
officer
Sunpower Incorporated,
a developer of free-piston
Stirling machines,
is celebrating its
35th anniversary.
Sunpower was originally
incorporated in
1974 by its founder
William Beale, inventor
of the free-piston
Stirling engine.
Sunpower has appointed
Mark Schweizer as
CEO and president
of Sunpower. Schweizer
comes to Sunpower
with an extensive
background in business
strategy development
and commercialization,
most recently as
vice president of
Global Product Management
and Marketing at
Diamond Innovations,
Inc.
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Covanta acquires
Veolia’s North
American Energy
Covanta Holding
Corporation announced
that it has signed
a definitive agreement
to acquire from
Veolia Environmental
Services North America
Corp., most of its
North American energy-from-waste
(EfW) business.
The transaction
is expected to be
accretive to Covanta.
The purchase price
of $450 million,
less net debt and
minority interests
(subject to certain
other adjustments)
will be paid in
cash.
The Energy-from-Waste
operations to be
acquired consist
of the following:
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Long Beach,
California
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Dade, Florida
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Dutchess,
New York
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Islip, New
York
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Montgomery,
Pennsylvania
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York, Pennsylvania
-
Vancouver,
Canada
It is expected that
the entire transaction
will close by year
end. However, the
closing of the transaction
may occur in stages
and is conditioned
upon receipt of
customary regulatory
and other approvals
or consents. The
failure to obtain
certain approvals
or consents may
result in the removal
of certain businesses
from the transaction
and a related price
reduction.
Each of the seven
EfW businesses to
be acquired includes
a long-term operating
contract with the
respective municipal
client. In addition,
Covanta will acquire
a majority ownership
stake in the Montgomery
Pennsylvania facility
and a related transfer
station operating
contract. Collectively,
these seven EfW
facilities process
approximately 3
million tons of
waste per year.
The acquired businesses
compliment Covanta’s
existing portfolio,
which includes operation
of 38 EfW facilities
that process approximately
17 million tons
of municipal solid
waste annually.
Covanta expects
it will achieve
meaningful synergies
by leveraging its
scale, operational
expertise and in-house
maintenance capabilities.
Force reductions
are not anticipated
at the operating
facilities, which
employ approximately
500 people. This
acquisition is expected
to add approximately
$60 million of operating
cash flow during
2010.
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Johnson Controls
plans to build
new recycling
center
Johnson Controls
Power Solutions
located in Milwaukee,
Wisconsin, has announced
that it will invest
$100 million to
build an automotive
battery recycling
facility in South
Carolina.
The Florence County
Economic Development
Partnership indicated
that Johnson Controls,
Inc. will develop
approximately three
acres on a 270 acre
site in Florence.
According to Alex
Molinaroli, president
of Johnson Controls
Power Solutions,
the facility will
be “the most innovative
battery recycling
operation in the
world”.
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Hendrickson joins
EPA Transport
Partnership
Hendrickson announced
that four of its
divisions, Truck
Suspension Systems,
Trailer Suspension
Systems, Auxiliary
Axle Systems and
Bumper and Trim,
have joined the
SmartWay Transport
Partnership. This
is an innovative
collaboration between
the Environmental
Protection Agency
(EPA) and the freight
industry, designed
to increase energy
efficiency while
significantly reducing
greenhouse gases
and air pollution.
Hendrickson will
contribute to the
Partnership’s goal
to reduce 33 to
66 million metric
tons of carbon dioxide
and up to 200,000
tons of nitrogen
oxide per year by
2012 by improving
the environmental
performance of our
freight operations.
Launched in February
2004, the SmartWay
Transport Partnership
aims to achieve
fuel savings of
up to 150 million
barrels of fuel
per year.
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First Uranium Corporation
appoints new CEOs
First Uranium Corporation
has appointed Scot
Sobey as chief operating
officer (COO) of
Chemwes, the wholly-owned
subsidiary of First
Uranium that operates
the Mine Waste Solutions
tailings recovery
project and John
Gould as acting
COO of the Ezulwini
Mining Company,
the wholly-owned
subsidiary of First
Uranium that operates
the Ezulwini Mine.
These appointments
are part of an organizational
re-structuring to
appoint a single
leader at each operation
with the intent
of ensuring that
the Company achieves
its critical production
growth milestones.
Prior to this appointment,
Sobey has been serving
as First Uranium’s
vice president,
business development,
having been appointed
to that position
in February 2007.
Sobey’s background
lies in management
consulting and project
management.
John Gould has served
as First Uranium’s
vice president,
exploration and
technical services
since he was appointed
to that position
in February 2008.
Gould has held a
variety of positions
with South African
mining companies,
and until October
2007, served as
managing director
of Platinum Group
Metals Limited,
a developing junior
mining company.
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