The Heico Companies acquired Shred-Tech.

The Heico Companies completed the acquisition of a majority interest in Shred-Tech, a market leader in the design and manufacture of mobile and stationary shredding equipment for the document destruction and recycling industries. Financial terms were not disclosed. Based in Cambridge, ON, Shred-Tech also has operations in the US, UK and Thailand. Heico has partnered in the acquisition with Rob Glass, Shred-Tech’s President and CEO, who will continue to lead the Company. “Rob Glass and his terrific team have built a high-class company that is a leader in its field; we are excited to work with them to take the Company to its next level. 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.” Emily Heisley Stoeckel, Heico’s Chairman.