Danieli acquires Riverside Products, Inc

World renowned Italian steel and engineering company Danieli & C Officine Meccaniche S.p.A. has added to its recycling product portfolio with the strategic share buy-out of Riverside Products, Inc. The deal will see Danieli take control of primary facilities in Bettendorf IA, USA and satellite operations in UK & China. The on-going business will adopt the name Danieli Riverside Products.

With annual revenues in excess of €3.0 billion, Danieli is one of the world’s largest privately controlled integrated engineering and manufacturing groups. Emanuele Brusini, Executive Vice President, said “The Riverside product line and business units will be merged into the Danieli Centro Recycling division. In the past year Danieli has delivered significant turnkey projects for scrap processing facilities within our traditional steel making markets. 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”.

Larry Hotaling, President, and Kevin Toft, Vice President, will maintain their leading roles within the senior management team of Danieli Riverside Products. “The wide range of Riverside rotors is long established and renowned within the scrap metal recycling communities of the world for long life cycle and high quality in both design and operation. 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”.

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