Heico buys majority of shredding systems maker Shred-Tech
Heico Co has acquired a majority stake in Shred-Tech Corp, a Cambridge, Ontario-based designer and maker of mobile and stationary shredding equipment for the document destruction and recycling industries. No financial terms were released for the deal, which saw Heico partner with Rob Glass, Shred-Tech’s president and CEO. The transaction facilitated the exit of some founding shareholders. Established in 1987, Shred-Tech has installed more than 6,000 shredding and recycling systems worldwide. Heico, a U.S. investor in mid-market industrial companies, said it will support Shred-Tech's continued growth and development of its product line.
19 August 2019•3 mins read
