completes ALSCO Metals acquisition
Beachwood, OH— Aleris
International, Inc. announced the completion of the purchase
of ALSCO Holdings, Inc., the parent company of ALSCO Metals
Aleris International, Inc.
is a manufacturer of common alloy aluminum sheet and is
a global leader in aluminum recycling and the production
of specification alloys.
appoints new regional sales manager
Eugene, OR— Peterson
appointed Derek Izworski regional sales manager –
Mid Central for the central Midwest United States effective
October 1, 2005. This area of responsibility includes the
states of Indiana, Illinois, Iowa, Kansas and Missouri.
Izworski has experience in forestry, construction and waste
recycling equipment. Prior to joining Peterson, Izworski
worked for Vermeer in Charlotte, North Carolina.
Before joining Peterson,
Izworski worked as a product sales specialist in the recycling
machinery business, based in Charlotte, North Carolina.
Waste names new member to board
Scottsdale, AZ— Allied
Waste Industries, Inc. announced the appointment of Joshua
J. Harris to its board of directors effective September
Harris assumes the seat
on Allied Waste’s 11-person board that opened when
Michael S. Gross announced his decision to resign from the
Allied Waste Board.
Gross, one of the founding
partners of Apollo Advisors, L.P. and the chairman and chief
executive officer of Apollo Investment Corporation, had
served on Allied Waste’s Board since 1997.
Since 1990, Harris has
served as a founding senior partner of Apollo Advisers,
Prior to that time, Harris
was a member of the Mergers and Acquisitions department
of Drexel Burnham Lambert Incorporated.
reorganization plan confirmed by court
Troy, MI— INTERMET
Corporation, a manufacturer of cast-metal components, announced
that the United States Bankruptcy Court for the Eastern
District of Michigan has confirmed INTERMET’s Plan
of Reorganization. The confirmation is subject to the entry
of a formal confirmation order.
Under the confirmed Plan
of Reorganization there are a number of conditions that
must be satisfied in order for the confirmed Plan to become
effective, including the closing and initial funding of
a post-bankruptcy credit facility. INTERMET has received
a commitment letter from Goldman, Sachs & Co. with respect
to this facility, and is in the process of negotiating a
definitive credit facility. INTERMET currently expects that
it will enter into the post-bankruptcy credit facility,
satisfy the other conditions to Plan effectiveness and emerge
from Chapter 11 during the month of October 2005.
The material terms of the
confirmed Plan are summarized in INTERMET’s Amended
Disclosure Statement approved by the Bankruptcy Court on
August 12, 2005.
Davis elected to ARA board
Fairfax, VA— Damon
Davis, has been elected chairman of the Regional Directors
of the Automotive Recyclers Association (ARA). In his capacity,
Davis serves on the board of directors of the Automotive
Recyclers Association. Additionally, Damon serves on the
Events Advisory and CAR (Certified Auto Recycler) committees.
Damon manages Freeman’s
Auto Salvage Center, Inc. an automotive recycling and salvage
names Pinkston VP of human resources
Dallas, TX— Flowserve
Corp. announced the appointment of Joseph R. Pinkston as
vice president of human resources. His responsibilities
will include strategic plans and policies to support the
global human resources function. Pinkston, brings more than
20 years of experience to Flowserve and will work to align
talent and strategies that impact business performance.
Most recently, Pinkston
served as senior vice president of human resources for Unisource
Worldwide. He has served in senior human resources roles
with Russell Corp., Hussmann International, Barnes Group
and AlliedSignal Inc.
converts series 17 preferred stock
Atlanta, GA— Perma-Fix
Environmental Services, Inc. announced that Capital Bank
GRAWE Gruppe, AG, converted the 2,500 shares of the Company’s
Series 17 Class Q Convertible Preferred Stock, effective
September 26, 2005. Pursuant to the terms of the Series
17 Preferred Stock, the conversion resulted in the issuance
of 1,666,667 shares of the Company’s common stock
to Capital Bank as agent for its investors. The final dividend
due on the Series 17 Preferred of approximately $30,000
for the period from July 1, 2005, through the conversion
date will be paid in October 2005.
No shares of Series 17
Preferred Stock remain outstanding. Following the conversion,
Capital Bank holds, as agent for its investors, 6,425,375
shares of the Company’s common stock, representing
approximately 14.4% of the Company’s issued and outstanding
common stock as of September 30, 2005, and warrants to purchase
up to an additional 2,659,807 shares of common stock.
receives ARA President’s Award
Fairfax, VA— Owner
and president of Central NH Sales, Inc. dba Central NH Used
Parts, Bob Phelps, was presented with the Automotive Recyclers
Association’s (ARA) President’s Award at ARA’s
62nd Annual Convention and Exposition held in Tucson, Arizona.
A member of ARA for over
two decades, Mr. Phelps is active in association activities,
most recently serving as ARA’s chairman of regional
directors, a member of the budget committee and being instrumental
in developing legislative issues to present to capitol hill
representatives during ARA’s Hill Days conference
this past March.
Central NH Used Parts is a Gold Seal and Certified Auto
Recycler (CAR) member.
association names new member of the board
Scottsdale, AZ— El
Capitan Precious Metals, Inc. elected the company’s
president/CEO, Chuck Mottley, to the board of directors.
Chuck Mottley joins a NMA
board that includes Newmont Mining Corporation, Cleveland-Cliffs,
Inc., Barrick Gold Corporation, Placer Dome USA and Kennecott
Utah Copper Corp. In addition Mottley was appointed to serve
on the Environment Committee and the Government Affairs
appoints Blower Truck sales manager
Eugene, OR— Peterson
appointed Dave Stone, Blower Truck sales manager effective
October 1, 2005. Stone will be coordinating domestic and
international Blower Truck sales and marketing efforts with
Peterson’s area and regional sales managers and with
Stone has industrial sales
experience including truck engines, auto transport equipment
and three years selling Blower Trucks. He will be based
in Portland, Oregon.
Tech appoints new district managers
Long Beach, CA— Earth
Tech Inc., a business unit of Tyco International Ltd, and
a global provider of consulting, engineering and construction
services, has appointed Frank Gorry, P.E., and Lou Tortora,
P.E., district managers for its Southeast and Northeast
Frank Gorry, a senior vice
president, will be responsible for day-to-day management
of 10 offices in the southeastern United States, from Kentucky
and Mississippi to North and South Carolina and Florida.
He has been with Earth Tech for eight years, serving most
recently as the district manager of the Northeast District.
As senior vice president
for Earth Tech’s Northeast District, Lou Tortora will
oversee the company’s nine offices in New England,
New York, New Jersey, and Pennsylvania. Most recently, he
served as vice president of business development for Earth
Tech’s water practice.
Ken Carter receives PERA award
Chantilly, VA— The
Production Engine Remanufacturers Association (PERA) presented
their prestigious “Associate Member of the Year”
Award to Ken Carter, vice president of sales with Clevite.
Carter joined Dana in 1972 as a district sales manager trainee
and has held numerous sales related positions in both the
OE and aftermarket with Clevite.
Carter was recognized for
his previous service as a member of the PERA board of directors,
his service to PERA as program chairman for several years,
and his active endorsement and promotion of www.enginedatasource.com
as a great source of valuable information for the production
engine remanufacturer as well as the custom engine rebuilder.
Toledo and Parker Hannifen enter agreement
Parker Hannifin Corporation
and Mettler Toledo have entered into a mutually exclusive
partnership agreement in the United States, whereby Mettler-Toledo,
Inc., will provide preventative maintenance support for
analytical gas generators manufactured and sold by Parker
While in the past only
a depot repair option could be offered for Parker’s
installed base of +40,000 gas generators, the partnership
with Mettler Toledo puts Parker Hannifin in a unique position
to offer professional on-site services to its gas generator
forms industrial resources council
Washington, DC— A
group of industry associations have formed an alliance to
help promote markets for industrial by-products.
The Industrial Resource
Council (IRC) was formed by the Rubber Manufacturers Association,
the American Coal Ash Association, the Foundry Industry
Recycling Starts Today, the National Council for Air and
Stream Improvement and the National Slag Association.
USA appoints McPherson senior VP/CFO
Houston, TX— Metals
USA, Inc. announced that it will appoint Robert C. McPherson
III as senior vice president and chief financial officer
effective upon closing of the pending acquisition of the
company by affiliates of Apollo Management, L.P. McPherson
will replace Terry L. Freeman, the company’s current
chief financial officer, who plans to resign upon completion
of the transaction with Apollo to pursue other interests.
McPherson, who joined the
company in March 2003, was most recently senior vice president
and president of the company’s Building Products Group,
and prior to that senior vice president, Business Development.
Before joining the company, McPherson worked for California
Steel Industries, Inc. as controller and treasurer.
The company also announced
the promotion of Gerard Papazian to president of the Building
Products Group, succeeding McPherson. Papazian, currently
serves as vice president of operations for the Building
Products Group and has over 20 years of experience in senior
management positions in the building products industry.
Grease Gator parts washer wins award
Chicago, IL— As one
of ten honorees at the 2005 Chicago Innovation Awards, SSI
(Solvent Systems International) of Elk Grove Village has
redefined parts washing with their Grease Gator Aqueous
Parts Washer System.
The aqueous Grease Gator,
developed with the University of Illinois, was selected
from more than 130 nominees to be recognized among the area’s
best innovations of the year. Winners were selected based
upon the uniqueness of product and services, fulfilling
an unmet need, exceeding customer expectations and the achievement
of market success.
“We are very pleased
to be recognized for this innovation,” said Steve
Rundell, president of SSI. “Our mission is to develop
and bring to market the most promising, cost-effective pollution
prevention technologies. The Grease Gator is our latest
innovation and it will revolutionize the parts washing industry,”
appoints head of Tornado Trash Corp.
Mount Arlington, NJ—
GreenShift Corporation announced the appointment of Lt.
Commander John “Whit” Davis as its chief executive
officer to head GreenShift’s new wholly-owned portfolio
company, Tornado Trash Corporation.
Lt. Commander Davis has
a broad base of diversified management, engineering, operational
and business development experience. Most recently, Lt.
Commander Davis was the technical director for special projects
at Vortex Dehydration Technology, LLC, where he led product
design, development and implementation for many applications
of the technologies underlying GreenShift’s Tornado
Refractories files plans of reorganization
Pittsburgh, PA— ANH
Refractories Company and its affiliated operating companies,
A.P. Green Refractories Company, North American Refractories
Company and Harbison-Walker Refractories Company (collectively
“ANH”), filed their First Amended Plans of Reorganization
(“Plans”) on September 15, 2005. The next step
in the process is for the Bankruptcy Court to determine
that the Plans meet applicable legal requirements.
ANH Refractories Company
is a family of companies that sells and services under the
well-recognized trade, service and brand names: A.P. Green,
North American Refractories Company and Harbison-Walker.
These businesses provide high-grade fireproof ceramic refractory
products and services for high- temperature applications
in the cement and lime, energy, chemicals, non-ferrous metals,
glass, iron and steel, and environmental technology industries.
Technologies announces new CFO
Charlotte, NC— NewGen
Technologies, Inc. announced that, Scott A. Deininger has
been named to the position of NewGen’s chief financial
officer. Prior to this appointment, Mr. Deininger served
as senior vice president of finance and administration at
American Tire Distributors Holdings, Inc.
Scott Deininger served
as treasurer and senior vice president of finance and administration
at American Tire Distributors Holdings, Inc. from July,
2003 to October, 2005. From January, 2001 until June, 2003,
Mr. Deininger served as vice president and corporate controller
of Safety-Kleen Corporation, prior to which he was the CFO
of Carmeuse North America.