The Heico Companies, LLC. Acquires Shred-Tech Corporation
Summary
(“Heico”) announced today that it has completed the acquisition of a majority interest in Shred-Tech Corporation (“Shred-Tech” or the “Company”), a market leader in the design and manufacture of mobile and stationary shredding equipment for the document destruction and recycling industries. We are optimistic that Heico’s array of global resources will help Shred-Tech continue to grow and expand its offering of exceptional products and services to customers worldwide.” In turn, Rob Glass commented, “We reached a time when some of our founding shareholders were ready to exit the business, and we went on a search for a partner that would provide both a strong, long-term home for the Company and its many valued employees and also the resources to continue our growth and development. The Company also offers an array of stationary and mobile shredding systems for many different materials and applications in the waste management and recycling industries. About Shred-Tech Shred-Tech is a globally recognized world leader in designing and manufacturing stationary and mobile shredding and recycling systems. Established in 1978, Shred-Tech has since installed more than 6,000 shredding and recycling systems worldwide and is renowned for its commitment to engineering innovation and quality in the industry.