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Foremost Machine Builders, Inc. has appointed Walter Folkl as manager of sales. Folkl will have the responsibility to drive the sales and marketing strategy for Foremost’s complete line of auxiliary equipment.

Folkl brings extensive sales experience to his new role with a broad sales and marketing background in industrial equipment and systems, including time spent in direct sales and sales management positions. In the past, he has served as a sales engineer, regional sales manager and national sales manager for respected industry manufacturers.

Folkl will be based out of the Foremost headquarters in Fairfield, New Jersey.

Foremost Machine Builders, Inc. is a major U.S. based manufacturer of plastics auxiliary equipment and systems.

Published in the January 2018 Edition

The board of directors of Nucor Corporation increased the regular quarterly cash dividend on Nucor’s common stock to $0.38. This cash dividend is payable on February 9, 2018, to stockholders of record on December 29, 2017, and is Nucor’s 179th consecutive quarterly cash dividend.

Nucor has increased its regular, or base, dividend for 45 consecutive years – every year since it first began paying dividends in 1973. Over the past 10 years, Nucor has returned more than $5 billion in capital to its stockholders in the form of base dividends, supplemental dividends and share repurchases.

Published in the January 2018 Edition

American Pneumatic Tools (APT), a provider of construction and industrial equipment, has named Joshua Djokic as the area sales manager for their southeast region, effective immediately.

In this role, Djokic will be responsible for managing sales throughout the southeast region of the U.S. covering the states of North Carolina, South Carolina, Tennessee, Alabama, Georgia and Florida. Additionally, he will develop new and existing customer relationships while expanding the APT brand.

Prior to joining APT, Djokic most recently worked as a branch manager for United Rentals where he was recognized as South Florida District’s Branch Manager of the Year.

Published in the January 2018 Edition

ALLU USA Inc. named Sonoran Process Equipment Company (SPEC), with locations in Ogden, Utah, and Elko, Nevada, as its newest dealer for the full line of ALLU Transformer™ material processing attachments.

The company provides sales and rental of ALLU’s unique screener crusher buckets and soil stabilizing equipment, and offers complete aftermarket service and spare parts for customers in Nevada and Utah.

Founded in 2002, SPEC evolved as Metso Minerals’ acquisition of Svedala Industries created an immediate need for a local trained staff with experience in aggregates and mining. Calling upon its combined 100-plus years of industry experience, SPEC continues to offer the finest equipment and aftermarket service available for the aggregates, construction, mining, power generation and industrial markets. Under new ownership in 2017, SPEC continues the long tradition of service and support in the Utah and Nevada markets. 

Published in the January 2018 Edition

Republic Services, Inc. named Jon Vander Ark chief operating officer (COO), effective January 1, 2018. As COO, Vander Ark will be responsible for operationalizing the company’s strategy and executing its business plan across its field operations.

Additionally, he will have functional responsibility for all operational support departments, including safety, engineering, environmental compliance and fleet management, which includes the seventh largest vocational truck fleet in the country. Vander Ark will continue to report to Don Slager, president and chief executive officer.

Prior to this appointment, Vander Ark was executive vice president, operations, responsible for maximizing Republic’s field performance, ensuring superior service delivery, and achieving financial and operational results across the Company’s operations in the eastern half of the U.S., which represents approximately $5 billion of Republic’s annualized revenues. Previous to this, he oversaw the western half of the company’s operations.

Prior to Republic, Vander Ark served as partner at McKinsey & Company’s Detroit office, managing clients across a variety of industries, including transportation, logistics, manufacturing and consumer products.

Published in the January 2018 Edition

Morbark, LLC has completed the acquisition of Rayco Manufacturing, Inc. (Rayco). This transaction represents the first addition since affiliates of the private equity firm Stellex Capital Management LP acquired Morbark in 2016.  

Rayco is dedicated to the design and production of a line of environmental equipment. The current range of Rayco products includes stump cutters, crawler trucks, forestry mulchers, multi-tool carriers and attachments, brush chippers and the all new AT71 aerial trimmer.

The transaction is a strategic fit for both companies. Rayco brings a lineup of equipment into the Morbark family across multiple product categories.  

Rayco founder, John Bowling, will continue his work with the team to develop new products and help improve the company’s existing product lines. He will continue to have an economic interest in the combined business and will be a member of Morbark’s board of directors.

Published in the January 2018 Edition.