ISA gets new CFO, money for growth

During the last few weeks, Louisville-based Industrial Services of America Inc. (NASDAQ: IDSA) has hired a new CFO and opened a new credit line.

ISA buys, processes and markets metals and other recyclable commodities. It also offers waste management services and equipment to commercial customers.

Todd Phillips, formerly with Louisville-based CRS Reprocessing LLC, was announced as CFO early in January. He has 17 years of financial experience, including four years in public accounting, according to a news release.

"Following an intense year of operational turnaround and scrutiny, ISA is shifting its focus to growth," company president Sean Garber said in a news release. "Our strategy leverages many of the skills and experience Todd brings to ISA, including acquisitions and expansion into new markets. At the same time, we can benefit from Todd's experience with financing, internal reporting and operational controls."

The company also has executed a new $1 million revolving credit line for its waste equipment sales subsidiary, called WESSCO. The company plans to use the credit line, provided by Crestwood Hills-based The Bank of Kentucky Inc., to fund purchases of new waste-handling equipment during the next year, according to a release.

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Industrial Services of America Inc.
7100 Grade Lane
Louisville, KY 40213