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Sonoco, one of the largest diversified global packaging companies, has acquired Plastic Packaging Inc. (PPI), a privately held Hickory, North Carolina based flexible packaging company.

Founded in 1957, PPI specializes in short-run, customized flexible packaging for consumer brands.

PPI expects 2016 sales of approximately $42 million and operates two manufacturing facilities in Hickory, and Forest City, North Carolina with approximately 170 employees.

Through the acquisition, Sonoco gains additional lamination, wide and narrow web flexographic printing, and pouch and bag forming capabilities that will allow Sonoco to better serve its current customers, while expanding its customer base.

Published in the December 2016 Edition of American Recycler News

 

The board of directors of The Timken Company, a global leader in bearings and mechanical power transmission products, declared a quarterly cash dividend of $.26 per share. The dividend was payable on December 2, 2016, to shareholders of record as of November 22, 2016.

Published in the December 2016 Edition of American Recycler News

Morbark, a manufacturer of equipment used in forestry, recycling, tree care, landscaping, sawmill and biomass markets, has appointed David Herr as chief executive officer. In addition to being an active member of the current Morbark board, he brings extensive knowledge from experience with both products and services companies. He replaces Dan Ruskin, who resigned due to health issues.

Herr is an accomplished industry executive with more than 30 years of relevant experience in operations, supply chain management and executive management with major companies, including Navistar, GE Aircraft Engines and BAE Systems. He has diverse business experience in the areas of heavy-duty truck manufacturing, commercial avionics, commercial ship repair, munitions production and information and intelligence analysis. In his most recent role as executive vice president at BAE Systems, he was responsible for one of the largest government service sectors in the U.S. with over 19,000 employees.

Published in the December 2016 Edition of American Recycler News

Teamster leaders from across the country are applauding the announcement by the de Blasio administration to overhaul New York City’s waste-collection system.

Morbark, LLC has signed agreements with Equipment Sales & Service Limited and Van Bemmel Machine Import BV to become Morbark® equipment dealers.

Based in Edmonton, Equipment Sales & Service Limited (ESS) is the exclusive Morbark dealer in Alberta, Canada, handling both tree care and industrial equipment. Founded in 1946, ESS is currently one of Canada’s oldest and most established equipment companies. A private, family-owned business that specializes in heavy equipment sales, ESS has been named one of “Canada’s Best Managed Companies.”

Published in the November 2016 Edition of American Recycler News

Nucor Corporation shared that John Ferriola, its chairman, chief executive officer and president, was elected chairman of the board of directors of the World Steel Association (Worldsteel) at the organization’s 50th Annual Conference in Dubai, United Arab Emirates. Ferriola will serve as chairman for a one year term.

Ferriola has served as vice chairman of the worldsteel board of directors, as a member of the executive committee and as chairman of the education and training committee.

He also serves as chairman of the board of directors of the American Iron & Steel Institute, is on the board of directors of the National Association of Manufacturers and has been active in the Association for Iron and Steel Technology for more than 30 years.

Published in the November 2016 Edition of American Recycler News