Tags
Industry News

Ritchie Bros. and IronPlanet Secure Unconditional Antitrust Clearance from the U.S. Department of Justice; Acquisition is Expected to Close in the Next Few Weeks

Ritchie Bros., has announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet, an online marketplace for heavy equipment and other durable assets. Ritchie Bros. outstanding brand reputation and high degree of customer trust, coupled with IronPlanet's digital prowess built on user friendly technology, will provide multiple product and channel offerings to customers.

"Over the last three years, we've been successfully executing on a multi-channel diversification strategy to ensure that the company stays relevant and strong in a changing environment. In IronPlanet, we found a company that allows us to continue our rich history of innovation and gives us the tools and talent to transform into a digital information and insights powerhouse," said Ravi Saligram, Ritchie Bros. CEO. "The missions of our companies are aligned: deliver maximum choice and value to our customers. We look forward to bringing our combined pride and passion together under one umbrella to accelerate our growth initiatives and add shareholder value."

Greg Owens, IronPlanet chairman and CEO added, "The management team and employees of IronPlanet are enthusiastic about joining forces with Ritchie Bros. - the possibilities are endless when you merge brand strength with technology. We are inspired by the vision of leading a digital transformation in the industry."

The anticipated benefits of Ritchie Bros.' acquisition of IronPlanet are extensive and make a positive impact on the business internally and externally. Highlights include:

1) Pioneer a path into the future. Ritchie Bros. is a forward-thinking, growth-focused company that never stops innovating. By continuing to invest in technology and providing end-to-end support solutions, the company will continue to set a benchmark for equipment values across the globe.

2) Maximize opportunity for customers. The acquisition of IronPlanet is intended to provide the highest quality choices in asset disposition to best serve customers. The acquisition is the next step in Ritchie Bros.' diversification and multichannel strategy. As a successful player in the marketplace for nearly 60 years, Ritchie Bros.' unique business model and heritage of extraordinary customer relationships make it a leader in the industry.

3) Caterpillar Alliance. Ritchie Bros. also enters into a historic, long-term strategic alliance with Caterpillar, which will significantly strengthen its relationship with Caterpillar's independent dealers around the world by providing enhanced and continued access to a global auction marketplace to sell their used equipment.

The transaction is expected to close in the next few weeks. A new organizational structure will be announced after closing. 

Company Info

  • Ritchie Bros. Auctioneers

    9500 Glenlyon Parkway
    Burnaby , BC
    CA , V5J 0C6

    Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest industrial auctioneer, and one of the world's largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros.™ asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOne™, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in 19 countries, including 45 auction sites worldwide.

    Read more

  • IronPlanet

    3825 Hopyard Road, Suite 250
    Pleasanton , CA
    US , 94588-8528

    IronPlanet is a leading online marketplace for selling and buying used equipment and other durable assets and an innovative participant in the multi-billion dollar used equipment market. Founded in 1999 to transform the global used equipment market, IronPlanet has built a database of more than 1.5 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® equipment condition certification and family of brands, including IronPlanet®, GovPlanet®, TruckPlanet®, Cat Auction Services, Kruse Energy & Equipment AuctioneersSM, allEquip® and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo

    Read more

Latest News

Tags
Plastics Recycling

Vecoplan supports recycling of "ghost nets" recovered from seas

The international recycling company Tönsmeier became a partner of WWF Deutschland (World Wide Fund for Nature in Germany) in September 2015, and since then has been working to rid the Baltic Sea of ‘ghost nets', i.e. abandoned fishing nets made of plastic. The environmentally-friendly recycling of these polypropylene and polyamide ghost nets is being tested - so Vecoplan AG was brought in to create an optimum process for transporting, processing and recycling the salvaged material - and the results of initial tests have been positive.

Read More

Tags
Plastics Recycling

Recycling instructions added on major water brands

Nestlé Waters North America, one of the nation's leading beverage manufacturers, announced today that it has begun adding the clear and consistent How2Recyleinstruction to the labels on half-liter bottles of all its major U.S. brands. This includes its purified water brand Nestlé Pure Life as well as its regional spring water brands, Poland Spring, Deer Park, Ice Mountain, Zephyrhills, Ozarka and Arrowhead.   

Read More

Tags
Metals Recycling

MetalX plans scrap facility in northwest Ohio

On the heels of last month's acquisition of M&K Metal Processors in Delta, Ohio, MetalX announced that it plans to invest $35 million to build a greenfield, state-of-the-art scrap processing plant in Delta, Ohio. The company intends to develop its new facility on a 60-acre site across the street from North Star BlueScope's flat-rolled steel mill.

Read More

Tags
C&D Recycling

​New Compact Crusher Range to be Unveiled at Steinexpo 2017

McCloskey's new I34 Impactors are designed for compactness and high mobility, capable of moving while crushing in small spaces. The lines' small footprint (less than 2.5 m wide) is uniquely suited to the demolition and asphalt recycling industry, aggregates and smaller scale construction projects, and for easy transport from site to site.

PETERBOROUGH, ON -July 28, 2017 - McCloskey International's expanding crusher line now includes compact crushers, which will make their worldwide debut in Europe's largest basalt quarry at Steinexpo 2017, held from August 31 - September 2, 2017 in Homburg/Nieder-Ofleiden, Germany. Situated in a 1400m2 stand in Demo Area C, Stand C17, the position will allow visitors to witness the power of McCloskey equipment in action, as well as explore new products on the stand.

Read More

Tags
Metals Recycling
Paper Recycling
Plastics Recycling

​Recyclers to look at present and prepare for future at Annual Commodities Roundtable

(Washington, D.C.) - The Institute of Scrap Recycling Industries, Inc. (ISRI), the Voice of the Recycling Industry™, is once again hosting its annual Commodities Roundtable Forum, September 6-8, 2017, in Chicago. The once a year event is a must-attend for all involved in the trade of scrap commodities, from processors to brokers to buyers. It provides the most comprehensive view of what is happening across a wide range of recycled commodities including ferrous and nonferrous metals, plastics, and the key trends impacting the $117 billion scrap recycling industry.

Read More

Tags
Industry News

GreenMantra Receives $2.2 Million in Funding for Polystyrene CleanTech Innovation From Sustainable Development Technology Canada

GreenMantra Technologies, a rapidly growing clean technology company that produces high-value polymers from waste plastics, will receive $2.2 million from Sustainable Development Technology Canada (SDTC) to be used toward construction of a demonstration plant that will convert waste polystyrene into modified styrenic polymers for use in inks, foam insulation and other applications. GreenMantra team, local Members of Parliament Bryan May and Marwan Tabbara, and the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development

Read More

Tags
Industry News

Staples Canada releases Q1 2017 sustainability achievements

Staples Canada has released its first quarter sustainability update and environmental achievements. Highlights of the report include steady growth for many in-store recycling initiatives, including battery and writing instruments programs. "Our recycling programs and sustainability initiatives have started the year off on a strong note," said Leigh Pearson, director of facilities, environment and procurement at Staples Canada. "We are always looking for ways to help our customers and associates make a positive impact on the environment."

Read More

Tags
Industry News

Walmart Foundation announces new grants available for Canadian organizations focused on reducing food waste

The Walmart Foundation has announced that it is making $1.87 million CAD ($1.5 million USD) available to fund proposals from eligible non-profit organizations working to reduce food waste in Canada. The Walmart Foundation is seeking proposals from qualified organizations that have experience in formulating, proposing, and implementing food waste reduction efforts. Requests between $250,000 and $1,000,000 (USD) will be considered. 

Read More

Tags
Industry News

SWANA Publishes New Composting Operations Safety Tips

The Solid Waste Association of North America (SWANA) has release a new installment of its "Five to Stay Alive" series that features safety tips for composting operations employees. Like many aspects of solid waste management, composting operations involve physical labor, the use of heavy machinery, and a dynamic work environment. These factors offer the potential for serious injury or fatality if proper safety precautions are not followed.

Read More

Tags
Industry News

Industry Collaboration Delivers More Than $80,000 for Recycling Education Grants

The Recycling Partnership announced the recipients of its Steve Thompson Memorial Education Grants program to bring more than 50 recycling professionals from across the U.S. to Minneapolis for the 2017 Resource Recycling Conference to further their recycling education. At the end of 2016, The Recycling Partnership released its 2016 State of Curbside report, identifying the key attributes of the highest-performing recycling programs in the U.S. The single attribute found in 100 percent of those communities was engagement in "public action," where local program staff were actively managing their programs. In other words, recycling professionals are the key to better program performance.

Read More

Tags
Organics Recycling
Wood Recycling

​Rotochopper announces Generation 2 Colorizer

Rotochopper's Generation 2 Colorizer builds on the success of the original patent by increasing throughput capacity without sacrificing single-pass coverage in mulch colouring applications.

Rotochopper has announced the launch of their Generation 2 Colorizer. The Generation 2 Colorizer builds on the success of the original Rotochopper patent by increasing throughput capacity without sacrificing single-pass coverage. The original Colorizer patent gives Rotochopper grinders the exclusive advantage of injecting colourant directly in the grinding chamber, using the force of the grinding process to evenly coat all mulch particles.

Read More

Tags
Industry News

Charleston county awards new MRF contract to MACHINEX

Ground has broken on Palmetto Commerce Parkway to build the MRF in North Charleston, South Carolina. Machinex is proud to have been chosen to provide this turnkey, single-stream system that will be in operation by late summer of 2018. With a capacity of 25 TPH, the 57,000 square-foot facility will receive more than 50,000 tons per year of recyclables from Charleston County curbside collection. For the past two years, the county has been shipping their recyclables to Horry County for processing while they have been planning for this state-of-the-art recycling center.

Read More

Tags
Industry News

Making Denver One of the Greatest Recycling Cities in the U.S.

How to make a great recycling city even better? That was the question Denver Public Works took on this year with The Recycling Partnership, a national nonprofit organization that applies corporate partner funding to improve the recycling system in cities and towns across the nation, thus increasing supplies of clean materials for manufacturing. Over the next three months, The Recycling Partnership will work with Denver Public Works to increase the city's already notable ability to recover materials. Denver's residential recycling program is already outperforming the national average in terms of quality of material collected, but there is more material to be recovered.

Read More

Tags
Fleets & Technology

Pioneer Offers Longest, Most Comprehensive Tarping System Warranty

Pioneer the automated tarping systems supplier for the waste, recycling and construction industries, has extended the warranty on new models of its flagship Rack ‘n Pinion tarping system to five years, a new industry standard.  The non-prorated warranty covers the entire system,except the tarp, making it the most comprehensive warranty of any tarping system on the market today.

Read More

Tags
Organics Recycling
Solid Waste

OPTIMIZING A SUPERIOR SLUDGE SYSTEM SOLUTION

In the Wastewater treatment industry, removing harmful waste and rendering it safe for reuse or final disposal in landfills, composting or farm field applications is paramount. A key element in the wastewater treatment process is the Belt Press, which is used to dewater sludge and change it from a liquid to a solid.

Given today's demanding wastewater treatment regulatory landscape, proper handling of sludge is a very important component of the design and operation of any size of wastewater treatment plant (W.W.T.P.) municipality. The ultimate mission of any such plant is to separate solids from water, and to disinfect both to different degrees by removing organic and inorganic contaminants−which may be hazardous or toxic to humans or have detrimental effects on the environment.

Read More

Tags
Fleets & Technology

​Waste industry expert joins New Way's McLaughlin team

SCRANTON, IOWA - They say "If you don't measure it, you can't manage it." These are words that solid waste and recycling collections expert Don Ross has come to live by. With over 30 years of industry experience, Ross has dedicated his work to advancing the science of waste collection to increase efficiencies and improve safety. In a move that has caught the industry's attention, Don Ross recently joined the New Way team.

Read More

New filter kits available for mobile equipment

Kolberg-Pioneer, Inc. (KPI) has released new filter kits for all mobile equipment. The new filter kits will further improve engine performance in asphalt and other dusty environments. "Our equipment is well-suited for RAP applications, these filters allow us to build on that strength for even better performance," says Tim Harms, product manager for crushing and screening products.

Read More