Redishred Capital Corp. is publicly-owned investment company focused on the consolidation of the United States paper shredding and recycling industry. The company’s stock trades on TSX Venture Exchange under the symbol KUT.
On March 17, 2008 Redishred completed its first corporate acquisition with the purchase of Professional Shredding Corporation, including the intellectual property and trademarks associated with the PROSHRED® brand (excluding Canada). With it, Redishred acquired PROSHRED®’s 21-year proven operating system, all United States franchise locations and the go-forward operating platform for consolidating the shredding and recycling industry.
Redishred’s mission in delivering profitability and growth to its shareholders is to establish a national footprint of approximately 80 locations across the United States. The market development strategy is centered on growth through corporate acquisitions, continued franchising, and joint venture partnerships.
Under the PROSHRED® brand, Redishred leverages an established brand and operating system to drive operational economies of scale across the network and increase bottom-line profitability for Redishred stakeholders. The company’s consolidation strategy under PROSHRED® also capitalizes on a highly fragmented U.S. document shredding industry and very robust market drivers, including rapid growing concerns about identity theft and corporate espionage, tighter regulatory requirements and increased privacy legislation, and a massive push towards “green” business.
As an operator currently serving a US$3.6 billion industry, the PROSHRED® business produces excellent margins with recurring revenue streams from both shredding services and recycled paper. PROSHRED® is an ISO certified company and an industry pioneer known as a leader in security, quality and customer service. Visit www.proshred.com for more information.
Redishred is poised for excellent growth and profitability as senior management executes its strategic consolidations plan across the United States.