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The Timken Company has further expanded its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New Haven, Connecticut.

Schulz Group serves customers nationwide in the commercial nuclear power sector, as well as regionally in the hydro and fossil fuel market sectors, water management, paper and general manufacturing sectors in the New England and Mid-Atlantic regions. In 2013, Schulz Group had full-year sales of approximately $18 million and employed 125 people.  

The purchase includes assets from Maine Industrial Repair Services, Inc., based in Augusta, Maine; Schulz Electric Company in New Haven, Connecticut, S.E.C. Electrical located in Braintree, Massachusetts; and Stultz Electric Motor & Controls of Portland, Maine, which collectively operate as the Schulz Group.

Published in the June 2014 Edition of American Recycler News

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BACE, a manufacturer of vertical balers and compactors, has hired Gregory J. Leon to the position, senior vice president, sales and marketing. Leon brings more than 25 years of experience with major manufacturing firms in the waste and recycling equipment industry.

Leon started out his family’s business, K-Metal Fabrication of Croydon, Pennsylvania, ultimately assuming the role of sales manager and growing sales more than 350 percent in a 3 year period. He then moved on to become operations manager for Philadelphia Tramrail Company, then regional director of sales for Marathon Equipment Company. In his two most recent positions, he served as director of sales at PTR Baler & Compactor Company in Philadelphia followed by vice president of sales for River Road Waste Solutions of Tinton Falls, New Jersey.

Published in the June 2014 Edition of American Recycler News

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Matt Davidson has been promoted to sales engineering manager – waste systems, at Vecoplan LLC. In his new position, Davidson will oversee technical engineering input and assistance from initial discussions of client needs, through the development and commissioning of systems that meet those needs.

Published in the June 2014 Edition of American Recycler News

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US Ecology, Inc. has entered into a definitive stock purchase agreement to acquire The Environmental Quality Company (EQ), an environmental services and waste management company based in Wayne, Michigan, with facilities throughout the Eastern U.S. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC. The transaction, valued at $465 million, is expected to close in the second or third quarter of 2014 and is subject to customary closing conditions, and a purchase price adjustment based on working capital. The acquisition is expected to be accretive to adjusted earnings per share for the full year 2014.

The total purchase price of $465 million will be financed using a combination of cash on hand and committed debt financing, consisting of a new $540 million credit facility made up of approximately $415 million in a 7 year term loan and a $125 million 5 year revolving credit facility.

Published in the June 2014 Edition of American Recycler News

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Carpet America Recovery Effort (CARE) has named Brendan McSheehy as chairman of its board of directors.

McSheehy has participated on CARE’s board of directors since 2006, previously serving as vice chair and treasurer. He has 38 years of experience in the textile industry, and has been actively involved in carpet fiber recycling since 1993. He has worked with Bristol, Virginia-based Universal Fiber Systems LLC for more than 24 years, currently serving as vice president of innovation, sustainability and intellectual property.

Published in the June 2014 Edition of American Recycler News

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Meese Orbitron Dunne Co. (MOD), Ashtabula, Ohio, has named David McHugh and Don Fowler regional sales managers.

McHugh, offering 25 years of material handling experience, serves the northeastern territory, which encompasses New York, New Jersey, eastern Pennsylvania, Connecticut, Rhode Island, Vermont, Massachusetts, New Hampshire, Maine, Delaware, Maryland, Virginia and the Canadian provinces of Quebec, Newfoundland, Labrador, New Brunswick and Nova Scotia.

Fowler brings a wide range of expertise in plastics, packaging, warehousing and industrial safety to the southeastern territory, which encompasses Arkansas, Alabama, Mississippi, Georgia, Florida, North Carolina, South Carolina and Puerto Rico.

Published in the June 2014 Edition of American Recycler News

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