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.
About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) is a leading provider of storage and information management services. The company’s real estate network of over 67 million square feet across more than 1,000 facilities in 36 countries allows it to serve customers around the world. And its solutions for records management, data management, document management, data center management and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com for more information.
Shred-it is a world-leading information security company providing information destruction services that ensure the security and integrity of our clients' private information. The company operates in 170 markets throughout 18 countries worldwide, servicing more than 300,000 global, national and local businesses. For more information, please visit www.shredit.com.