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Genesis, Paladin, other attachment brands acquired by Stanley Black & Decker in $690 million deal

Stanley Black & Decker has entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash. Separately, the Company completed a $300 million share repurchase in July, bringing total share repurchases in 2018 to $500 million.

Stanley Black & Decker's President and CEO, James M. Loree commented, "The acquisition of IES Attachments further diversifies our presence in the Industrial markets, creates an additional well-defined path for continued profitable growth and delivers compelling cash flow returns. Consistent with our long-term capital allocation strategy, we continue to deploy a balanced approach, capitalizing on both M&A and opportunistic share repurchases. These actions announced today underscore our confidence in our ability to create long-term shareholder value as we continue our pursuit of the 22/22 vision."

IES Attachments is a manufacturer of high quality, performance-driven heavy equipment attachment tools for off-highway applications, with leading brands such as Paladin, Genesis and Pengo. Approximately 60% of the $400 million in LTM revenue is related to aftermarket applications. With the addition of IES Attachments, Stanley Black & Decker will operate a broad portfolio of attachment solutions and a meaningful platform for continued organic and acquisitive growth. The agreement excludes the IES cabs business sold under the Crenlo and other brand names. 

The acquisition, which will be integrated with the Hydraulic Tools business within the Industrial segment, will be modestly accretive to Stanley Black & Decker's EPS in 2019, and accretive to EPS by approximately $0.25 - $0.30 by year three, excluding charges. The transaction, which is subject to customary closing conditions, including receipt of required regulatory approvals, will be funded with available cash and proceeds from borrowings. 

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Plastics Recycling

Lindner helping Netherlands plastics recycler transform dirty film into high-quality regranulate

The agricultural film is collected from over 2,500 farmers in the Benelux countries and northern Germany.

Daly Plastics is one of the largest plastics waste processing companies in the Netherlands. At their Zutphen site, Daly Plastics' subsidiary Caroda Polymer Recovery recycles agricultural and packaging films, with the aim to produce regranulates of the same quality as virgin material. Two Jupiter 2200 and four Micromat 2000 shredders from Austria-based Lindner Recyclingtech provide the recovery facility with the ideal particle size.

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Industry News
Waste to Energy

GTI quantifies opportunity to produce low-carbon Renewable Natural Gas (RNG) from wood wastes

The engineering design study, funded by West Coast utilities and a state government agency, was conducted to better understand the value, benefits, and cost of utilizing wood wastes to reduce greenhouse gas (GHG) emissions.

Today, GTI has released a site-specific engineering design titled Low-Carbon Renewable Natural Gas (RNG) from Wood Wastes. GTI led a team of engineers and scientists to produce a "blueprint" for converting an existing biomass facility into an RNG production site, using the wood waste feedstock and some of the existing infrastructure. A biomass power plant in Stockton, California, was the host site for the engineering design effort. In addition to providing data about the process technologies, the integrated plant, and production costs, the study highlights the many environmental benefits and the low-carbon fuel produced. 

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C&D Recycling

After record year in 2018 Rubble Master looks to continued growth

RUBBLE MASTER's world-wide success has been the result of unwavering vision and leadership by Gerald Hanisch. Gerald is the founder and CEO of RUBBLE MASTER having started the company nearly thirty years ago.

2018 marked the most successful year to date for RUBBLE MASTER. With record sales and an export quota of 97% RUBBLE MASTER continues to hold their status as a market leader in Compact Crushing and Screening. The company says its  continued success comes from higher product demand, healthy expansion in global markets, and new screening products.

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Paper Recycling
Plastics Recycling

​Canada Fibers awarded contracts to design, build and operate two technologically advanced recycling facilities

​Canada Fibers awarded contracts to design, build and operate two technologically advanced recycling facilities

Canada Fibers Limited (CFL) has been awarded two contracts to design, build and operate advanced single-stream post-consumer Material Recovery Facilities (MRFs) in Winnipeg, Manitoba and Peel, Ontario.  The Company is constructing an 80 thousand square foot greenfield facility in Winnipeg and is retrofitting the Region of Peel's existing MRF.  Both projects involve advancements to recovery technologies in response to increasingly rigorous quality standards from industries utilizing post-consumer recyclable materials. 

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C&D Recycling
Legislation & Regulations

LEED changes a boost for C&D

LEED changes a boost for C&D

Construction and demolition (C&D) materials are hefty. It is why we can so effectively build roads, bridges and buildings out of them. It's also why, by weight, they are the most significant material in the North American waste stream. This creates a challenge for recycling, as it's usually too expensive, in terms of ROI, to ship most recovered C&D end products, including wood, concrete, drywall, asphalt, and asphalt shingles.

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Industry News

The Global Recycling Foundation looks at the best recycled fashion ahead of London Fashion Week

The Global Recycling Foundation urges London Fashion Week, and the fashion industry as a whole, to promote the importance of recycling in the industry by recognising the brands doing it best. It is also encouraging Fashionistas, as well as people around the world, to support Global Recycling Day on 18th March 2019 in helping to sustain a green circular economy for the future of our planet.

With London Fashion Week around the corner (15th - 19th February), the Global Recycling Foundation is calling on the fashion industry to champion recycling by shining a spotlight on the brands already leading the way on recycled fashion. It's also calling on the industry to support Global Recycling Day, taking place on 18th March 2019. 

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C&D Recycling
Solid Waste

​Rubicon Global and State Farm Arena divert nearly 12 tons of waste from landfills

​Rubicon Global and State Farm Arena divert nearly 12 tons of waste from landfills

Rubicon Global, the Atlanta-based technology company that provides waste, recycling and smart city solutions to businesses and governments worldwide, has successfully diverted nearly 12 tons of waste destined for landfills from State Farm Arena during last week's festivities in Atlanta, Georgia. This waste was generated as a result of five events being held at the State Farm Arena leading up to and in support of the ‘Big Game.'  

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C&D Recycling

Using recycled aggregates for roadbuilding is the way of the future – time for many to catch up

Recycling concrete and asphalt from roadways keeps the material out of landfills and is a green alternative to using virgin aggregates for new roads.

Municipalities are responsible for the care and maintenance of vast amounts of roadway, from alleys to highways. When those roads are repaired or replaced, there's the potential to generate a significant amount of aggregate material - concrete and asphalt removed from the old surface that must be dealt with.

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Shows & Events

New ST80T stacker from McCloskey takes the stage at AGG1/World of Asphalt

The ST80T Radial’s unique tool free transport design allows the equipment to move freely from site to site without needing to remove the wheels, delivering true portability for multi-site projects and operations.

AGG1/World of Asphalt visitors received a first look at McCloskey International's new tracked radial stacker - the ST80T Radial - that allows operators to switch from tracked to wheel in minutes. 

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Paper Recycling
Plastics Recycling

Machinex and Canada Fibers partnership to result in two of the most technologically advanced single-stream facilities in North America

Stephen Miranda of Canada Fibers and Jonathan Ménard of Machinex at the Peel Integrated Waste Management Facility where the two companies are collaborating on a major retrofit in 2019.

Toronto-based Canada Fibers Ltd. (CFL) is building two single-stream recycling facilities in 2019 that will include the most advanced, high-tech fibre and plastics sorting and recovery systems in Canada. In Winnipeg, Manitoba, a completely new 30-tonnes-per-hour facility (approximately 80,000 square feet) is currently under construction and scheduled to open in the fall. In the Region of Peel, Ontario, the existing Peel Integrated Waste Management Facility MRF, owned by the Region, will be retrofitted for 31.5-tonnes-per-hour capacity, with the updated facility (approximately 85,000 square feet) scheduled to open in the first quarter of 2020. 

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Paper Recycling

Both good and bad news for OCC and recovered paper exporters to start 2019

Both good and bad news for OCC and recovered  paper exporters to start 2019

The good news for recovered paper exporters as the calendar flipped to another new year was China's issuance of almost six million short tons worth of import licenses in December. The first batch of permits issued by China's Ministry of the Environment, covering about 5.5 million tons, was more than double the amount of recovered paper allowed by China's first batch a year earlier.

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C&D Recycling
Wood Recycling

Ecowaste Industries to add to C&D materials transfer and MRF capacity

Ecowaste Industries to add to C&D materials transfer and MRF capacity

Ecowaste Industries operates the Ecowaste Landfill in Richmond, B.C. where they accept inert refuse, mainly from construction and demolition activities. This material is renewed into products such as compost, bark mulch and crushed concrete for sale. At the end of 2018, Ecowaste Industries Ltd. acquired the operating assets and facilities of Urban Wood Recycling and Smithers Enterprises, both based in Vancouver.  The transaction was approved by both parties on November 21, 2018 and the sale closed on December 31, 2018. Since the start of the year, Ecowaste has been accepting Urban and Smithers customers at the Ecowaste Landfill in Richmond. 

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Fleets & Technology
Solid Waste

Compology’s in-dumpster cameras and Contamination Score provide path to sustainable, efficient waste collection

Jason Gates, Compology founder and CEO.

Compology, based in San Francisco, got its start in the fall of 2013, with its first camera-based container monitoring system deployed in 2014 at the University of California in Santa Cruz. The system is designed to monitor container fullness and automate the process of container pickups between waste generators and haulers. Today, about a fifth of Compology's business is in Canada, with the remainder in the U.S.

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