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Masaba Inc., manufacturer and supplier of material handling equipment, has appointed Carlos Morales, director Latin America. Morales has over 20 years business experience in both private and public sector roles.  

Published in the December 2015 Edition of American Recycler News

BioHiTech Global, Inc. formed BioHitech Europe LTD to further the global expansion of the company’s commercial food waste disposal solution.

BioHitech America, LLC, the company’s first subsidiary, has been providing food waste disposal solutions for nearly 8 years. Headquartered in London, BioHitech Europe LTD hopes to offer expanded sales and services in Europe.

According to the European Commission, nearly 100 million tons of food are wasted annually in Europe. The BioHitech Solution not only diverts food from landfills but it also gives consumers the data they need to start making decisions that will lead to the prevention of food waste from the start. BioHitech’s on-site Eco-Safe Digester converts food waste into grey-water and transports it through standard sewer lines. During the digestion process, the digester weighs each increment of waste and allows users to quantify its type and origin, simultaneously transmitting this data to the BioHitech Cloud on a real time basis.

Published in the December 2015 Edition of American Recycler News

Novolex, a Wind Point Partners portfolio company, has acquired Wisconsin Film & Bag (WF&B), a manufacturer of custom polyethylene bags and films based in Shawano, Wisconsin. The company operates a converting plant and a plastics recycling plant near Shawano and has approximately 175 employees.

Wisconsin Film & Bag was founded in 1972 in Oconto, Wisconsin as a manufacturer of can liners. The company expanded and moved to the Shawano site in the early 1980s. It has experienced continuous growth over the last 40 years and invested in state of the art manufacturing systems. The Company has won several awards in recent years for innovation and has unique expertise in the recovery and recycling of postindustrial and postconsumer plastics packaging.

WF&B is Novolex’s fourth acquisition since Wind Point Partners acquired Novolex (formerly Hilex Poly) in 2012, in partnership with Chairman and chief executive officer Stan Bikulege.

Published in the December 2015 Edition of American Recycler News

The board of directors of The Timken Company declared a quarterly cash dividend of $.26 per share. The dividend is payable on December 4, 2015, to shareholders of record as of November 23, 2015.

This marks the 374th consecutive quarterly dividend paid on the common shares of the company.

Published in the December 2015 Edition of American Recycler News

Subsequent to the end of their third quarter, Quest Resource Holding Corp. appointed Michael Golden as interim chief executive officer.

Quest also disclosed that Tim Semones has been promoted to chief operating officer from senior vice president of operations.

Published in the December 2015 Edition of American Recycler News

EnergySolutions, Inc. has signed a definitive agreement to acquire Waste Control Specialists LLC (WCS), a wholly owned subsidiary of Valhi, Inc. and operator of a waste disposal facility located in Andrews County, Texas.

At closing, EnergySolutions will pay $270 million in cash, $20 million face amount in Series A Preferred Stock and will assume approximately $77 million of WCS debt. Additionally, EnergySolutions will assume all financial assurance obligations related to the WCS business. Completion of the sale is subject to certain customary closing conditions outlined in the transaction agreement.

EnergySolutions and WCS will continue to operate as independent companies until completion of the sale.

Published in the December 2015 Edition of American Recycler News