Press Releases

ArcelorMittal today announces it has acquired Riwald Recycling a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Transaction signing occurred yesterday with closing, which is subject to customary regulatory approvals, expected by the end of January 2023. Riwald Recycling was founded in 1989. It operates two fully certified scrap metal yards in Almelo and Beverwijk, the Netherlands, both of which have direct port access. Riwald processed ov

GT Metal Products Ltd – Edmonton, Alberta is pleased to announce the addition of Dave LeMoine to our team as Vice President, Sales and Business Development.  Dave brings extensive sales and leadership experience working in organizations with revenue from $10MM to over $250MM. “Dave is a successful leader and business owner with over 30 years of extensive sales and executive leadership experience.  He is a consultative field professional with st

Companies in the metal products market are focusing on the launch of net zero carbon products to limit the scope of carbon emissions generated during manufacturing process through a carbon offset and renewable energy credit purchase program. For example, in March 2022, Schnitzer Steel Industries, Inc., US-based manufacturers and exporters of recycled metal products, announced the launch of GRN SteelTM, a line of net zero carbon products from its Cascade Steel manufacturing operations located

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Dutchland Inc. a leading manufacturer and installer of precast concrete tanks across the water and wastewater treatment market. Dutchland Inc. was represented by BDO Capital Advisors, LLC through the process. MiddleGround acquired Lindsay Precast in November 2021, represe

Insteel Industries Inc. today announced that Mark A. Carano has resigned as Insteel’s Senior Vice President, Chief Financial Officer and Treasurer effective December 30, 2022 to pursue employment with another company. Mr. Carano’s departure did not result from any disagreement regarding the Company’s operations, policies or practices. In connection with such departure and effective January 2, 2023, Scot R. Jafroodi, the Company’s Vice President, Cor

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Dutchland Inc. a leading manufacturer and installer of precast concrete tanks across the water and wastewater treatment market. Dutchland Inc. was represented by BDO Capital Advisors, LLC through the process. MiddleGround acquired Lindsay Precast in November 2021, represe

Kennametal has expanded its Innovations series of Metal Cutting tools and solutions with new product offerings that provide customers with maximum efficiency and productivity for machining applications ranging from electric vehicles and aerospace to general engineering. Kennametal has expanded its Innovations series of Metal Cutting tools and solutions with new product offerings that provide customers with maximum efficiency and productivity for machining applications ranging from e

ConocoPhillips and QatarEnergy today announced the signing of two agreements to supply long-term liquefied natural gas to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East and North Field South projects, and the buyer is a wholly owned subsidiary of ConocoPhillips. First delivery is expected in 2026 to the recently announced German LNG Terminal at Brunsbüttel.His Excellency Saad Sherida Al-Kaabi, t

Gecko Robotics, a leader in helping the world’s most important institutions operate and maintain their physical assets, today announced that it has been awarded an 18-month $1.5 Million contract by the U.S. Air Force Nuclear Weapons Center. The award comes through the Small Business Innovation Research program and is part of the Air Force’s efforts to modernize the legs of the U.S. nuclear triad.“Ensuring the safety and efficiency of our nation’s most critical assets i

On the heels of the recent BNSF Railway announcement to develop the largest railway hub in the western United States in Barstow, the City of Barstow is making its first notable infrastructure development by planning the replacement of the city's historic bridge. Built in 1930 and modified in 1943, the North First Avenue two-lane steel and wooden bridge has served as a thoroughfare for several decades. It was deemed a focal point of the railroad industry but no longer meets the s