Shred-Tech buys CM Shredders

Shred-Tech Corp. has agreed to buy CM Shredders, LLC via its parent company The Heico Companies. According to Shred-Tech, the move “is a significant step forward in enhancing Shred-Tech’s product portfolio, extending its global reach, and fortifying its North American manufacturing capabilities.”

Headquartered in Sarasota, FL, USA, CM Shredders is described as “a recognized leader in the tyre recycling industry.” Via the purchase of CM Shredders, Shred-Tech gains an established presence in tyre recycling and key global markets like Asia and the Middle East.

“The combined strengths of Shred-Tech and CM Shredders in manufacturing will bolster efficiency, scale, and agility, especially following the recent manufacturing capability expansion at the Shred-Tech Thailand facility. This synergy is expected to drive operational excellence, further positioning the merged entity as a leader in the industry”, company representatives said in a statement.