Redishred Capital Corp. announces the acquisition of Security Shredding in New Jersey

Highlights:

• Redishred Capital Corp completes acquisition of Security Shredding on August 31, 2023.
• Security Shredding offers paper and hard drive shredding, generating $660,000 USD revenue in 2022.
• Pro forma EBITDA margin for Security Shredding estimated at 40%-45%, enhancing Redishred’s financial performance.
• Acquisition strengthens Redishred’s New Jersey presence, benefiting from routing synergies.