Is Shred-it owned by Cintas?
Cintas Corporation Announces Agreement with Shred-it International Inc. to Combine Document Shredding Businesses. In addition to its 42% ownership of the partnership, Cintas will receive approximately $180 million in cash at the closing of the transaction.
Who owns Shred-it company?
StericycleShred-it / Parent organization
Shred-it will operate now as a wholly-owned subsidiary of Stericycle. Since its inception in 1988, Shred-it emerged as one of the leading paper shredding companies in the world, offering service to over 400,000 customers in 15 different countries.
Are Shred-it and Stericycle the same company?
Lake Forest, Illinois, October 1, 2015 – Stericycle, Inc. (NASDAQ: SRCL) today announced that it has completed the acquisition of Shred-it International, the global leader in secure information destruction services. With these requirements now fulfilled, Shred-it will become a wholly-owned subsidiary of Stericycle.
Is Cintas owned by Stericycle?
Cintas Corporation Completes Agreement to Sell its Investment in Shred-it. Upon the closing of this transaction, Shred-it is now a wholly-owned subsidiary of Stericycle.
Who started shred?
Greg Brophy
Shred-it was founded in Oakville 30 years ago by Greg Brophy, an entrepreneur who had a passion for business. He was recognised as one of Canada’s “Top 40 under 40” in 1995, and was the 1993 winner of the Federal Business Development Bank “Young Entrepreneur of the Year Award” for Ontario.
Is Shred-it USA a corporation?
Shred-it is an information security solution provided by Stericycle Inc….Shred-it.
| Industry | Information Security |
|---|---|
| Headquarters | Bannockburn, Illinois, USA |
Is Shred-it a Canadian company?
Shred-It Canada Corporation provides mobile document shredding services to over 120,000 companies and organizations around the world through 120 franchised operations and company-owned branches. Shred-It operates some 700 shredding trucks and employs more than 1,200 people.
What can be shredded Shred-it?
What type of materials does Shred-it shred? We can shred just about anything, but we mostly shred paper. And instead of using conventional strip-cut shredders, we use cross-cut shredding technology that can reduce the paper to fine, confetti-like pieces.
What companies does Stericycle own?
In 2014, it acquired PSC Environmental Services LLC in a deal worth $275 million to form Stericycle Environmental Solutions. This enabled expansion in hazardous waste management. In 2015, it acquired Shred-it International in a deal worth $2.3 billion.
Who owns Stericycle?
Harsco Corporation HSC
Harsco Corporation HSC yesterday announced that it completed the acquisition of Stericycle, Inc.’s SRCL Environmental Solutions business (“ESOL”). The transaction value was $462.5 million, financed by funds raised through new debts and revolving credit facilities.
What happened to Shred-it?
In 2014, Shred-it merged with Cintas Document Shredding, which now operates under the Shred-it name. In 2015, Stericycle acquired Shred-it and began positioning the company as one of its many waste management and compliance services.
How does Shred-it make money?
Shred-It operates some 700 shredding trucks and employs more than 1,200 people. Shred-It’s main selling point is that it saves customers money. Clients contract Shred-It to provide shredding at a fraction of the salaries that would be paid to staff to do the work less efficiently.