This acquisition will help Bengal Machine expand its position as a supplier of reducing equipment.

Bengal Machine of Buffalo, New York, the parent company of Schutte-Buffalo Hammermill LLC, acquired CM Recycling Equipment Solutions of Sarasota, Florida, a tire shredding equipment manufacturer and supplier of industrial shredding solutions. 

According to Bengal Machine’s press release, CM Shredder’s asset acquisition is in line with Bengal Machine’s strategy to merge world-class brands in the shredding industry into a fully integrated manufacturer that provides complete solutions for a wide range of industries and shredding applications. CM Shredder will provide two brands to serve the primary and secondary shredder market: CM tire shredder and CM industrial shredder. Bengal Machine reports that Schutte-Buffalo will become Schutte Hammermill and will focus on its hammer mill, crusher and crusher product lines.

"Through the acquisition of the Columbus McKinnon shredder business and the combination with our current Schutte Hammermill product line under Bengal Machine, our company has entered an ideal position to become a shredder equipment supplier for almost all market needs, regardless of the chief Bengal Machine. Executive Officer Martin Berardi said: "The products or materials our customers are using. "This acquisition represents a strategic opportunity to significantly increase our global installation base and expand our production capacity and scale."

The management team and new owners look forward to a bright future for CM Shredder, Schutte Hammermill and their combined customers. 

Charles Astafan, General Manager of CM Shredder, added: "CM Shredder is really looking forward to establishing a very positive relationship with the leader of another crushing equipment manufacturer. Both companies have a long history of customer service and we are confident that we will continue to maintain excellence. ."

The company in Illinois will provide rolling mill services for the wire rod mill in Beaumont, Texas.

Scrap Metal Services LLC (SMS) of Burnham, Illinois announced that its rolling mill service unit SMS Mill Services LLC has reached a multi-year agreement with Optimus Steel LLC to provide on-site scrap management at the Optimus plant in Beaumont, Texas Serve.

Optimus Steel produces a series of wire rods, rebars and billets. The Beaumont Electric Arc Furnace (EAF) steel plant currently has a melting capacity of approximately 700,000 tons per year and a rolling capacity of 800,000 tons per year. The steel mill was previously operated by Brazil-based Gerdau SA until it was sold to a Florida-based ownership group in early 2018, which changed its name to Optimus Steel.

Optimus Steel and SMS stated that the “key synergies” in the arrangement include sharing consulting and management solutions to support Optimus’s strategy to increase productivity. The two companies cited “common values ​​in safety, excellence, innovation, and collaboration [in ] Long-term business relationship."

"The contract is an integral part of SMS's ongoing efforts, which includes diversified businesses in the domestic and international markets, as SMS targets and actively expands its factory service activities to match its overall growth plan," said CEO Jeremy Kirchin. Short message.

Jim Kerkvliet, CEO and President of Optimus commented: "We are very happy to find a partner in line with Optimus Steel's business philosophy and support our goal of becoming a world-class steel mill in terms of safety, quality, value and innovation. With SMS This agreement helps us continue to strive for perfection in everything we do."

SMS operates scrap processing, steel mill services, ship dismantling and recycling, and truck and rail car dismantling facilities in the United States. The company supplies ferrous and non-ferrous scrap commodities to domestic and international consumers, and provides brokerage and trading services for other scrap companies. SMS and its affiliates operate in the United States, Europe, and Mexico. It describes SMS Mill Services as a supplier of rolling mill support, processing and management services to metal producers.

Steve Martz has more than 30 years of experience in the recycling and waste industry.

BACE LLC, headquartered in Charlotte, North Carolina, hired Steve Martz, a veteran in the recycling equipment industry with more than 30 years of experience in the recycling and waste industry.

"Steve has a unique background covering technical services, manufacturing, equipment repairs, preventive maintenance programs, and new product development," said Gregory Leon, senior vice president of sales and marketing at BACE. "Our top customer priority is to reduce service calls, which can save our customers money and minimize downtime. This year our national service has provided twice the growth, and we are fortunate to be able to introduce Steve like this Talent and accelerate our growth plan for 2019,"

BACE CEO Frederick Waite commented: “We exceeded our growth expectations in 2018, and I believe that 2019 will be another iconic year for BACE. Significant growth requires appropriate leadership components, and Steve He plays an important role in BACE. We are very happy to welcome him to the BACE family."

Kody Kennedy will be responsible for more than $2 million in inventory.

Stadler America of Colfax, North Carolina has appointed Kody Kennedy as its new parts and warehouse manager. Stadler specializes in providing sorting, separation and processing equipment for the waste and recycling markets.

Kennedy has five years of parts distribution experience in auto parts analysis and auto parts distribution. His warehouse and technical parts experience will focus on providing quick service and response to Stadler customers' parts, repair and maintenance needs.

In his new position, Kennedy will be responsible for more than $2 million in inventory in North Carolina to ensure that the parts inventory is sufficient and that he can respond quickly to any type of required parts.

"I am very happy that my goals are perfectly integrated with Stadler's goals," Kennedy said. "We believe that parts and service responses need to be planned and anticipated in order to allow our customers' systems to run seamlessly and avoid unnecessary downtime."

Before joining Stadler, Kennedy spent most of his career in the field of auto parts, which helped him quickly get into the waste and recycling market. 

New-Indy Containerboard purchased the factory for approximately US$300 million.

Montreal-based Resolute Forest Products Inc. completed the sale of its kraft pulp and paper mill in Catawba, South Carolina to New-Indy Containerboard LLC in Ontario, California on December 31, 2018. The company initially announced a purchase agreement with the terms of the assets on October 2, 2018.

According to a press release issued by Resolute Forest Products, the total purchase price of approximately US$300 million includes US$260 million in cash (before adjustments to customary settlements), as well as approximately US$40 million in balance sheet liabilities, mainly net pension benefits obligations.

Yves Laflamme, President and CEO of Resolute Forest Products, said: “We are very happy to sell the Catawba plant to New-Indy and wish the new team a complete success in its investment in the diversification of the plant.” “We would like to thank our employees for their support. The hard work and dedication to achieve this successful result, and I am very pleased that the community will continue to benefit from the economic and social impact of the factory."

As mentioned earlier, Resolute has agreed to use most of the proceeds from the asset sale to repurchase $225 million of its 5.875% senior notes due in 2023. TM Capital Corp. acted as financial advisor to Resolute transactions, while Akerman LLP and Troutman Sanders LLP acted as legal advisors to Resolute.