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Aleris has completed the sale of its recycling and specification alloys businesses to an affiliate of Signature Group Holdings for an aggregate of $500 million in cash and $25 million in Signature preferred stock.

The sale includes 18 production facilities in North America and 6 in Europe that offer a wide range of metal recycling services and specification alloy products.

The sale of the recycling and specification alloys businesses represents a step forward in the company’s transformation to a pure play rolled products company.

Published in the April 2015 Edition of American Recycler News

Atlas Copco, a provider of sustainable productivity solutions, has decided to discontinue its Powercrusher business, in which it manufactures and sells mobile crushers and screeners for quarrying, civil engineering and recycling.

Atlas Copco will stop the manufacturing in the plant in St. Valentin, Austria, during 2015. Atlas Copco will arrange for customers getting aftermarket service support for the existing fleet also in the future.

Published in the April 2015 Edition of American Recycler News

Aqua Metals, Inc., a developer of a patent-pending electrochemical battery recycling technology, has entered into a contract to purchase 12.5 acres in Nevada’s Tahoe Reno Industrial Center to establish the site of the company’s first AquaRefinery™. Subject to acquisition of additional financing, the company plans to begin construction of its AquaRefinery in mid-2015 and be fully operational by the first quarter of 2016. When completed, the AquaRefinery will be the world’s first large-scale lead recycling facility that does not require a traditional smelter to reprocess lead batteries.

Published in the April 2015 Edition of American Recycler News

Waste Industries USA, Inc. disclosed that Jim Perry will be succeeded by Ven Poole, chief executive officer, as chairman of the board.

Perry, who was the company’s first employee, has been with Waste Industries for 44 years. As part of the founder’s ownership group, he will continue to serve as a director on the board and will serve as compensation committee chairman.

Other changes include Greg Yorston, president and chief operating officer; Steve Grissom, senior vice president and chief financial officer; and Lisa Inman, senior vice president and general counsel.

Since Waste Industries was founded in Raleigh, North Carolina in 1970, Perry has helped lead the success that saw the company expand its service area to include Delaware, Georgia, Maryland, North Carolina, South Carolina, Tennessee and Virginia, managing solid waste collection, recycling, and disposal for over one million residential, commercial and industrial customers.

Published in the April 2015 Edition of American Recycler News

Newalta Corporation has completed the sale of its industrial division to Revolution Acquisition LP, a Birch Hill Equity Partners company, for cash proceeds of $300 million plus the assumption of certain decommissioning liabilities. Proceeds from the sale will immediately be used to pay down Newalta’s debt and to support the 2015 capital program.

The industrial division became a stand-alone entity, under the new name Terrapure Environmental. The company has 900 employees and includes a head office in Burlington, Ontario, and over 35 locations across Canada. Terrapure will continue to serve customers in various industry sectors from coast to coast. Former Newalta senior vice president Todd Moser will now lead Terrapure as president and chief executive officer.

Published in the April 2015 Edition of American Recycler News

The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3725 per share on Nucor’s common stock. The cash dividend is payable on May 11, 2015 to stockholders of record on March 31, 2015, and is Nucor’s 168th consecutive quarterly cash dividend.

Published in the April 2015 Edition of American Recycler News