Ironwood Capital Company ARS Recycling Systems Acquires Ernest Industries Inc.

LOWELLVILLE, Ohio — ARS Recycling Systems has announced that it has completed the acquisition of Ernest Industries Inc.

ARS is a portfolio company of Ironwood Capital. Ernest Industries is a leading fabricator of short load concrete mixers and road stripping machines and has a diverse mix of customers including OEMs, contractors and municipalities. The products are correlated to infrastructure improvements.

Founded in 1991, ARS is the preeminent designer and manufacturer of recycling machines and
dust collectors in North America with a portfolio of various sized machines for applications
across multiple markets. ARS is headquartered in Lowellville, Ohio.

“This acquisition will allow us to take our fabrication expertise in infrastructure and expand into
additional markets via new customers. It’s an exciting growth opportunity and strengthens ARS
across the board,” said Bob Vucenovic, President and CEO of ARS. “Additionally, the asset base
of Ernest Industries will allow ARS to fabricate more subassemblies in-house, thereby improving
lead time and mitigating price increases to our existing bridge, petrochemical tank and marine
customers,” Vucenovic said.

Published by The Business Journal, Youngstown, Ohio.