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Alliance BioEnergy Plus, Inc.’s shareholders elected the new board of directors at the annual shareholder meeting.

Incumbent members Ted Chasanoff, Michael Bilodeau, Daniel de Liege and Mark Koch were reelected to the board of directors while Lt. General Mark Hertling (Ret.) and newly appointed chief executive officer David Matthews were added.

Second-term board member Ted Chasanoff was elected chairman of the board in a subsequent meeting of the new board of directors.

Retiring from the US Army in January 2013, Lieutenant General (retired) Mark Hertling is now leading programs for Global Partnering, Physician Leadership and Health Performance Strategy at the innovative Florida Hospital in Orlando.

Chasanoff is the managing director of CBIZ MHM, LLC, based in the New York office. Chasanoff has extensive experience providing accounting, business advisory, and mergers and acquisition services to both public and privately-held companies in various industries. He serves as the technology practice leader for the New York office.

Published in the April 2015 Edition of American Recycler News

Lamb Fuels Inc., a California based Corporation, has entered into an agreement with Florida based Automotive Fluid Recycling (AFR) to purchase Lamb Fuel’s Mid-West, Northeast and Southeast service routes was effective March 15, 2015. 

Published in the April 2015 Edition of American Recycler News

Greg Shaffer has been named service manager at Vecoplan LLC. Working with the company’s internal team of service technicians, Shaffer will devise and implement systematic procedures and programs to maximize service quality and efficiency. In addition, Shaffer will oversee Vecoplan’s network of certified service personnel throughout North America.

Prior to his promotion, Shaffer was a senior service technician at Vecoplan. A licensed mechanic and electrician, Shaffer brings 31 years of technical experience, primarily with industrial controls, to his new position at Vecoplan.

This includes 3 years field experience servicing Vecoplan machinery and 10 years as owner of Mountain Air Services, an electrical and mechanical services company.

Published in the April 2015 Edition of American Recycler News

Paladin Attachments has acquired Kodiak Manufacturing, Inc.

Founded in 1996 and headquartered in Charleston, Tennessee, Kodiak is a manufacturer of agricultural implements including rotary cutters, soil and gravel movers, tillers and additional tractor implements. The move supports Paladin’s continued product diversification objectives and improves its presence in the agricultural market sector. Similarly, it provides Kodiak with a solid platform for continued growth through increased capacity and market support which enhances the value of the brand to its customer base.

Published in the April 2015 Edition of American Recycler News

Blue Sphere Corporation closed on a joint venture to develop, construct and operate a 5.2 MW biogas generation facility in Charlotte, North Carolina with affiliates of York Capital Management.

Under the terms of the joint venture, Blue Sphere owns 25 percent of the project and received an initial payment of $1,250,000 in cash at the closing with a second payment of $1,175,000 to be paid later in 2015 upon the project’s achievement of each of mechanical completion and commercial operation.

Published in the April 2015 Edition of American Recycler News

Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, has completed the acquisition of The Newark Group, Inc.

The Newark Group is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted products including book covers and packaging solutions.

Headquartered in Cranford, New Jersey, The Newark Group has approximately 1,500 employees and operates over 20 manufacturing facilities across North America.

Financing for the transaction was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.

Published in the April 2015 Edition of American Recycler News