SHRED-TECH ANNOUNCES ACQUISITION OF AXO Shredders

Global Recycling Ltd

Global Recycling Ltd

Written on 02nd Aug 2016

Cambridge, Ontario. — Aug 2nd 2016 — Shred-Tech Corp® is pleased to announce the acquisition of AXO Shredders. Established in 2000, AXO Shredders manufactures mobile, stationary shredders and recycling systems; with operations in the UK, USA and Thailand serving hundreds of customers.

“The combined Shred-Tech/AXO Group of Companies enhances our resources and organizational infrastructure in the high growth markets of the UK/Europe, Australasia, and Japan enabling us to provide superior service and support to our customers in those regions” commented Shred-Tech President and CEO, Rob Glass.

“The addition of AXO’s products in North America will help to round out Shred-Tech’s already substantive product offerings while Shred-Tech’s North American service infrastructure will ensure AXO’s customers, both past and present, are well supported with local parts availability and trained factory technicians” Glass stated.

“The entire AXO staff and I are excited to now be part of the Shred-Tech team and to be able to draw on greater technical resources to develop new products to better service customers in Asia and other emerging markets” commented AXO President Greg Corrigan.

“I would like to welcome Greg Corrigan and all of the AXO employees worldwide to the Shred-Tech team. Greg is a long term industry veteran and we are fortunate Greg will be staying on as head of our combined operations in Asia” commented Glass.

About AXO

AXO have built a reputation as one of the premier manufacturers of document shredding trucks and shredding and recycling systems. AXO designs and builds shredding systems to meet the needs of numerous industries and applications across the globe.

About Shred-Tech

Established in 1980 Shred-Tech® is a world leader in designing and manufacturing mobile and stationary shredding and recycling systems. Shred-Tech® has installed more than 3,500 shredding and recycling systems worldwide and is recognized globally for its commitment to engineering innovation and quality. Shred-Tech® is headquartered in Cambridge, Ontario Canada and has operations in Apex, NC USA as well as Distributors in the UK, Australia and Japan.