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India – AIRTRA & ATMA Consultation on EPR

In line with the directions envisaged in the EPR Policy introduced by the Indian government, the Automotive Tyre Manufacturers Association (ATMA) and the All India Rubber & Tyre Recyclers Association (AIRTRA), two key stakeholders in the Indian tyre sector, have been holding preliminary consultations to set up a reverse collection mechanism and recycling of end-of-life tyres.

Copart: A boring and dirty business Peter Lynch must love

Peter Lynch is one of the best investors of all time. Having led the legendary Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% return over the 13 years and increased assets under management from $18 million to $14 billion before retiring. Peter Lynch loved to invest in companies that weren’t hyped or popular. Instead, he looked for boring and dirty businesses that most people don’t want to talk about, let alone invest in.

Bunting builds monster stainless steel separator

The latest Stainless Steel Separation Conveyor (SSSC) leaving Bunting’s manufacturing facility in Kansas, USA, is the largest built so far. The model SSSC 12-24-462 may only be 0.61-metres wide, but sits at the end of an 11.6-metre long conveyor. The high-intensity magnetic separator is destined for installation in an automotive recycling plant in North Carolina.

Audi premieres innovative recycled seatbelt buckle covers

Audi has launched cutting-edge plastic covers for seatbelt buckles in its Q8 e-tron models; the casings are partially manufactured from mixed automobile plastic waste using a chemical recycling process. It is the first time the company is installing safety components made in this way, and in conjunction with the PlasticLoop project, has established an innovative process with plastics manufacturer LyondellBasell, based on the findings from a pilot project.

DDI Technology expands into Massachusetts

DDI Technology (“DDI”) a leading electronic lien and title technology (ELT) firm and a subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of its electronic salvage processing products and services into Massachusetts. This expansion marks the seventh state to offer DDI Technology’s Premier EVR™ services.

Ancora sends letter to IAA’s board of directors regarding the poorly structured proposed sale to Ritchie Bros.

Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or we”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) (“IAA” or the “Company”), today released the below letter to the Company’s Board of Directors (the “Board”) regarding the proposed sale to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“Ritchie Bros.”).

Changing times in auto salvage buying

Rarely in our present day, have we been able to pause and reflect on the changes we have faced in this new era. What is undeniable is how, industry-wide, there has been an incredible ability to adapt, and overcome adversity with solution. This has been crucial in the evolution of the auto recycling industry as we know it.

Ritchie Bros. to Acquire IAA and Create a Leading Global Marketplace for Commercial Assets and Vehicles

VANCOUVER, BC, and WESTCHESTER, Ill. (November 7, 2022) – Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the “Company” or “Ritchie Bros.”) and IAA, Inc. (NYSE: IAA), today announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion of net debt.1 The transaction has the unanimous support of both boards of directors.
boards of directors.