Board Converting News, April 21, 2025

Avis Announces 3-In-1 Business Unit: Harris American Company Upland, Indiana based Avis Industrial Corporation an- nounced the formation of Harris American Company, for- mally integrating three wholly owned Avis subsidiaries, American Baler Company, Harris Waste Management Group and International Baler Corporation, into one new business unit.

Avis. “We believe that ongoing investment in our people, products and facilities is vital for our continued growth and value creation. This core belief led us to the decision to create Harris American as the logical next step to leverag- ing the collective experience of the three legacy business- es to provide unprecedented solution capabilities to our recycling and waste industry customers.” D.J. VanDeusen will serve as the President of Harris American, and King said he is confident he will effectively lead the integration of the legacy businesses, building on his success guiding those businesses over the past two years. “With our 350 talented team members and four man- ufacturing locations, we have unprecedented resources for the design, production and support of our best-in-class equipment. We remain committed to the legacy products that have made each of the businesses successful while, at the same time, focused on the future through ongoing product innovation and investment,” VanDeusen says. “Our customers have come to expect an unyielding commitment to delivering superior solutions and service, and our team members have come to expect unmatched opportunities for success. I am excited to see Harris Amer- ican deliver far beyond the expected.” Harris American product lines include single-ram, hor- izontal, two-ram, ferrous and specialty balers; scrap met- al and automobile shear/baler/loggers; and high-volume waste and scrap compactors.

The creation of Harris American is the next phase of a strategic plan that began in 2023 when those business- es were brought together under the Recycling & Waste Equipment Division of Avis. Harris American harnesses the legacy of the combined 295 years of business op- erations, offers the largest breadth of recycled materials baling solutions across four manufacturing locations and supports the largest global installed base of balers for re- cyclables. “We began building our ownership position in these companies back in 1979 and brought them under one divi- sional roof in 2023,” says Greg King, President and CEO of

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• INCREASED CAPACITY 40% (7.8TPH-10.9TPH) • INCREASED BALE WEIGHT BY 50% (1400-2200), REDUCING WIRE COST, ELECTRICAL COST & MATERIAL HANDLING • NINE TRIPS TO LOAD & UNLOAD A TRUCK vs 14 TRIPS WITH STANDARD BALES-36% REDUCTION IN MATERIAL HANDLING • SURGE CAPACITY WITH A 50X42 vs A 40X30 FEED OPENING INCREASED BY 75% • OPTIONAL SCAVENGER SYSTEM TO REMOVE MATERIAL FROM THE TIER AND REAR OF THE BALER I NTEGRI T Y I QUAL IT Y I REL I AB IL I T Y I VALUE

800.843.7512 AmericanBaler.com

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April 21, 2025

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