OCTOBER 2009

  BUSINESS/ORGANIZATIONAL BRIEFS

International Titanium adds two new board members

Lawrence D. Buhl III, chief executive officer of Lawrence Holdings Inc., and Graham P. Walker, vice president and general manager of Reading Alloys Inc., have been tapped to fill two vacancies on the board of directors for the International Titanium Association (ITA), Broomfield, Colorado.

Paul O. Jones of Reading Alloys is stepping down from the ITA board after six years of service, while Terry Perles of Stratcor Inc. is leaving after four years.

Walker, who has more than 30 years of experience in the metals industry, is also eager to expand titanium applications. He is a metallurgist with a Bachelor of Science degree from the University of Leeds, UK, and a masters of business administration degree from Baldwin Wallace College in Berea, Ohio.

Republic Services announces bond offering

Republic Services, Inc. has commenced a private offering of $500 million of senior notes due 2019.

They intend to use the net proceeds of the offering to tender for certain outstanding senior notes maturing in 2010 and 2011, subject to a maximum payment amount of $250 million (plus accrued interest), to reduce amounts outstanding under their revolving credit facility and to remit estimated tax payments related to the divestiture of assets in connection with their 2008 merger with Allied Waste Industries, with the remainder to be used for general corporate purposes.

The notes will be general senior unsecured obligations and will be guaranteed by each of their subsidiaries that also guarantee their revolving credit facilities. These guarantees will be general senior unsecured obligations of the subsidiary guarantors.

GreenMan’s subsidiary receives product award

GreenMan Technologies, Inc. announced that its subsidiary, National Playground Compliance Group, was the first recipient of the ADA and Green Innovative Product Award given by the Great Plains ADA Center at this summer’s National ADA symposium in Kansas City, Missouri.

Notes redemption by Gerdau Ameristeel ends

Gerdau Ameristeel Corporation announced that it has completed the redemption of its $405 million 10 3/8 percent senior notes due 2011 at a redemption price in the amount of $417,626,662, representing 101.792 percent of the outstanding principal amount plus accrued interest to the redemption date.

Bollman named general manager of Terex ASV

Terex Construction Americas has announced that Kurt Bollman has been named general manager of Terex ASV, the company’s compact track loader manufacturing facility. Bollman was previously general manager of Terex ASV’s Loegering undercarriage design and manufacturing plant in Casselton, North Dakota.

Bollman replaces Mark Glasnapp, former president of Terex ASV, who is retiring.

A certified public accountant, Bollman has been with the Terex subsidiary manufacturing location, Loegering, for eight years. The last four of those years were in senior leadership roles. Previously, Bollman held such positions as controller, management information system director and chief financial officer for industries as diverse as the soft drink industry, long-haul trucking and agricultural seed. He has also owned his own public accounting firm. Bollman will retain responsibility for the Loegering facility as part of his new, expanded position.

Executive appointments made at Tube City

Joseph Curtin, president and CEO of Tube City IMS Corporation, announced that Raymond Kalouche has been named chief operating officer of the Company. He will continue as president and COO of the Company’s Mill Services Group. Kalouche will report directly to Curtin.

Curtin also announced that J. David Aronson has been named chief operating officer of the Raw Materials and Optimization Group. He will continue as president of that group. Aronson will continue to report directly to Curtin.

Kalouche joined the Company’s IMS Group in 1989 and held various management positions in technical services, surface conditioning, operations and marketing until he was promoted to president and chief executive officer in 2004. After the merger with Tube City in December 2004, Kalouche was named president and COO of the Mill Services Group, Tube City IMS. He is based at the company’s Horsham, Pennsylvania office.

Aronson has worked in the scrap industry since 1989 and joined Tube City in 1991 as an account executive. In 1993, he was promoted to Midwest Region district manager, a position he held until he was named senior vice president in 1996 and subsequently promoted to executive vice president in 2004. He was named president of the raw materials and optimization group in 2008. He is based at the Company’s Gary, Indiana office.

WCA Waste acquires Houston hauling operation

WCA Waste Corporation has completed a tuck-in acquisition consisting of seven roll-off trucks in Houston, Texas.

All of the waste collected will be internalized into one of the four WCA-owned Houston area landfills.

Morbark signs new dealer agreement in Florida

Morbark, Inc. announced that Nortrax Equipment, southeast region, has recently joined its family of recycling and forestry dealers. The partnership further expands the Morbark dealer network benefitting the many Morbark customers located in the southeastern region of the country.

Durfor named new executive director of NRRA

The Northeast Resource Recovery Association has made permanent the appointment of Michael W. Durfor of Sunapee, New Hampshire, as its executive director.

Durfor has been working on an interim basis with the Association since last December. During that time he has guided the staff at NRRA through a myriad of initiatives including increased support for member services outreach and technical support programs, the new “Full of Scrap” bulletin, updated market pricing, and single-stream feasibility analysis.

He has increased the visibility of the NRRA School Recycling Club programs, and has been responsible for increased cooperation among associations.

Exodus Machines chooses new management team

Exodus Machines announced the appointment of its senior management team. The new team, which consists of Bruce Bacon, president; Greg Bacon, vice president of sales and marketing; and Jim Campbell, vice president of manufacturing, will guide the company as it prepares to introduce its first models to the recycling industry.

Bruce Bacon, Exodus’ president, is co-founder and former general manager of Genesis Attachments, also of Superior, Wisconsin.

Greg Bacon, the company’s vice president of sales and marketing, is also a veteran of Genesis, where he held the positions of regional sales manager and marketing manager.

Synalloy acquires carbon pipe fabricator in Arkansas

Synalloy Corporation has acquired the business of Ram-Fab, Inc., a private company located in Crossett, Arkansas. The company has sales of approximately $18 million and is profitable. Its primary business is fabrication of carbon pipe, which is a product line that Synalloy’s board of directors and management believe is strategically important for future growth.

The business will complement the stainless steel pipe fabrication of the Company’s Bristol Metals operation. The acquisition should also generate new opportunities in stainless steel pipe fabrication since many projects require that bidders quote both carbon and stainless steel fabrication.

The management team of Ram-Fab will continue to manage the business and report to the president of Bristol Metals. The acquisition is for cash and will be paid from currently available funds.

Vega Promotional Systems opens office in Georgia

Vega Promotional Systems, Inc. is opening an office in Georgia as part of the Company’s plan to manufacture energy efficient pellet fuel from organic waste bi-products in the state.

Located in Tifton, Georgia, the 20,000 square foot facility will be a part of the Company’s alternative/green energy manufacturing facility that, when completed, will capitalize on the abundance of biomass in Georgia’s Bioenergy Corridor and will have the capacity to produce several hundred thousand metric tons of biomass fuel pellets annually.

The State of Georgia ranks third in the nation as a potential source of renewable energy. The amount of privately owned forests in Georgia, more than any other state in the country, is the reason for the state’s ranking.

Vega is seeking financial assistance from the state to build its manufacturing plant. When complete, the facility will create nearly 200 direct or indirect green jobs and address state energy priorities to adopt emerging renewable energy and energy efficiency technologies.

Smurfit-Stone appoints Griffith as VP and treasurer

Smurfit-Stone Container Corporation announced the appointment of Timothy T. Griffith as vice president and treasurer.

Prior to joining Smurfit-Stone, Griffith served as vice president and treasurer of Cooper-Standard Automotive in Novi, Michigan, and previously served in a variety of financial leadership roles for Lear Corporation, Citicorp Securities Inc., and Comerica Incorporated.

Griffith will be responsible for managing Smurfit-Stone’s treasury function, including liquidity and cash management, capital raising and structure, investor relations, risk management, investment oversight and corporate credit processes.

Smurfit-Stone also announced the promotion of Brian Gardner to assistant treasurer.

Gardner is responsible for capital issuance and monitoring Smurfit-Stone’s debt compliance, as well as weekly and monthly debt reporting obligations. He will also oversee Smurfit-Stone’s cash investment and monitor all of the company’s defined benefit and defined contribution plan investment managers.

Gardner joined Smurfit-Stone in 1998 as a treasury analyst and has since held roles of increasing responsibility, including senior treasury analyst, manager of financial operations and, most recently, director of corporate finance. His background includes both credit and treasury analyst positions for Commerce Bank, Magna Bank and Bunge Corporation.

Bobcat to consolidate operations in North Dakota

Bobcat Company is transferring all North American machinery production to its original manufacturing facility in Gwinner, North Dakota. This will result in discontinuing production at Bobcat’s Bismarck, North Dakota, plant.

Currently, Bobcat mini excavators, the Toolcat utility work machine, the S70 skid-steer loader and mini track loaders are made in Bismarck, while all other Bobcat skid-steer loaders, compact track loaders and all-wheel steer loaders are manufactured in Gwinner.

With the consolidation, all machines – including the only mini excavators made in North America – will move to Gwinner, home of the first production three-wheeled loader (the precursor to the skid-steer loader) in 1958.

Over the next three months, 475 production positions will be phased out of Bismarck, but as many as 390 jobs will remain in North Dakota to accommodate the consolidation. Bismarck will retain 150 positions across product engineering, finance, accounts payable and aftermarket parts — areas unaffected by the move. The Bobcat Manufacturing support center will also remain in Bismarck.

EnergySolutions pays quarterly dividend

EnergySolutions, Inc.’s board of directors has declared a quarterly dividend of $0.025 per share that was paid on September 11, 2009, to stockholders of record on September 4, 2009.