Restore plc acquires shredding firm

Restore plc, based in the United Kingdom, has announced the acquisition of ID Secured Ltd., which trades as Reisswolf London, from the U.K.-based paper recycling firm Parry & Evans Ltd. 

The acquired company was founded in 2002.

Charles Skinner, Restore plc CEO, says, "The addition of Reisswolf London, following our recent acquisition of Reisswolf Wales (in early January 2017), will expand our customer base in the Southeast region, produce further economies of scale and strengthen our position as the second largest provider of secure shredding services in the U.K."

The deals for Reisswolf London and Reisswolf Wales continue Restore plc’s steady stream of acquisitions over the past few years. In July 2016 Restore acquired PHS Data Solutions, which at that time was the second largest provider of document shredding services in the U.K. and had a significant records management business and a presence in document scanning.

In late 2015 Restore acquired Wincanton Records Management, one of the largest records management businesses in the U.K. as well as having a significant presence in the Republic of Ireland records management market.