International Titanium adds two new board
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
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
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,
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,
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
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
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
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
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
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
Vega Promotional Systems opens office in
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
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
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
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
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,
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