Italy – Italian steel and engineering specialist Danieli has snapped up US company Riverside Products. The acquired business will adopt the name Danieli RiversideProducts, with the Italian company taking control of primary facilities at Bettendorf in the USA and satellite operations in the UK and China.According Danieli’s executive vice president Emanuele Brusini, the Riverside product line and business units will be merged into the Danieli Centro Recycling division. He observes: ‘Riverside Products has been an active supplier of highly-engineered rotors and wear parts to the worldwide metals recycling industry for over 50 years. The reputation for engineering excellence held by Riverside Products was a key driver behind this acquisition.’
Riverside’s president Larry Hotaling and vice president Kevin Toft will retain their leading roles within the senior management team.
‘The combination of our specific expertise in wear-resistant castings with Danieli Lynxs’ existing shredder know-how will enable the new group to meet the needs of both the smallest and largest scrap processing companies of the world,’ concludes Brusini.
For more information, visit: www.danieli.com