The private equity firm TMB Industries has acquired Richland Center Foundry, a manufacturer of ductile and grey iron castings, from Schneider Fuel and Supply Co.
Effective with the acquisition, John Gerszewski, formerly GM of Richland, will become president of RCF and Mark Clark will continue as CFO of RCF.
Thomas Begel, chairman of TMB Industries said, "We are excited to acquire Richland Center Foundry, a company with an outstanding reputation for product quality, an excellent customer base and a unique set of manufacturing capabilities. TMB looks forward to providing the investment capital and other resources necessary to build upon these strengths and support the needs of RCF’s customers."
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
