Acquisition enhances Shred-it's presence and scale in key Canadian markets
OAKVILLE, ON, Sept. 14, 2012 /CNW/ - Shred-it, the world-leading information security company providing document destruction services, announced today that it has acquired Super Shred Document Destruction. The effective date of the acquisition was September 11th, 2012.
Super Shred operated a leading onsite document destruction service operating primarily in the Greater Toronto Area (GTA) with operations in Cambridge and Ottawa. The acquisition applies to all of Super Shred's operations; Super Shred's operations will continue to operate from its existing location, near Toronto Pearson Airport, and will represent Shred-it's third branch in the GTA.
Shred-it President and CEO Vince De Palma states, "this acquisition supports our corporate growth strategy, and will significantly enhance our presence and density in key Canadian markets including the GTA, Cambridge and Ottawa. We look forward to the opportunity to provide Super Shred's loyal customers with Shred-it's best-in-class secure document destruction services."
The cultures of Shred-it and Super Shred are quite similar - both provide mobile onsite document destruction with a relentless focus on security and integrity of clients' private information. Shred-it and Super Shred will work together to ensure a seamless transition process.
Shred-it has completed 18 acquisitions over the last two years. "Acquisitions will continue to play an important role in Shred-it's strategic plans complementing organic growth and further enhancing our market position as a global leader providing document destruction services" says De Palma.
About Shred-it
Shred-it is a world-leading information security company providing document destruction services that ensure the security and integrity of our clients' private information. The company operates 140 service locations in 16 countries worldwide, servicing more than 200,000 global, national and local businesses, including the world's top intelligence and security agencies, more than 500 police forces, 1,500 hospitals, 8,500 bank branches and 1,200 universities and colleges. For more information, please visit www.shredit.com.
SOURCE: Shred-it
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