TORONTO — (BUSINESS WIRE) — A deal that will enhance the position of Shred-it International Inc. (“Shred-it”) as the leading confidential information destruction services provider was completed yesterday, December 1, 2014, as Shred-it finalized its previously announced transaction to acquire Iron Mountain’s (NYSE:IRM) International Secure Shredding businesses in the UK, Ireland and Australia. Iron Mountain’s international shredding operations include eight shredding plants and approximately 90 collection vehicles across those markets.
With this deal, Shred-it now operates in more than 170 markets throughout 18 countries, employing 5,200 dedicated Partners, and serving 300,000+ clients.
“By focusing on security and customer service, Shred-it has become the leading information destruction business in the world today. This acquisition enables us to provide an enhanced service to our existing customers, expand our customer base in Europe and enter into the Australian market,” said Shred-it EVP of EMEA Robert Guice. “Further, Shred-it and Iron Mountain will work together to provide seamless support for shared customers in these regions.”
The past decade has been one of tremendous growth and success for Shred-it, as the organization has increased the pace of its acquisitions. In the past four years, the company has acquired 29 secure destruction companies.