July 28, 2011
Shred-it Acquires Brink’s Document Destruction
New York, July [25], 2011 - Shred-it, the world-leading information security company providing document destruction services, announced today that it has acquired the assets of Brink’s Document Destruction ("BDD"), a division of Brink’s, Incorporated (Brink’s"). BDD operated an onsite document destruction company providing premium security-related services for a range of customers including banks, retailers, commercial and governmental customers. The acquisition applies to all of BDD’s U.S. operations, which will be transitioned to Shred-it’s existing operations in each market.
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 US markets including Boston, Chicago, Dallas and New York. Further, it will allow us to leverage existing infrastructure to better serve and expand our customer base. We look forward to the opportunity to provide BDD’s loyal customers with Shred-it’s best-in-class secure document destruction services."
The cultures of Shred-it and BDD are quite similar – both provide mobile onsite document destruction with a relentless focus on security and integrity of clients’ private information. Shred-it and Brink’s will work together to ensure a seamless transition process.
Shred-it recently appointed Shawn Lanthier as VP of Corporate Development to develop and execute a strategic acquisition program for the company. Shred-it has completed eight acquisitions in the past year. "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 Lanthier.
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 150,000 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.
