Home > Freightways purchases two more shredding businesses

Freightways purchases two more shredding businesses

article image Freightways says its document destruction sector is performing well.

Freightways, the Auckland-based courier and data management company, has bought two document destruction companies, one in Australia and the other in New Zealand.

Stuff.co.nz reports that the two companies involved are Sydney-based Advance Security Destruction Services and Docushred, based in Hastings on New Zealand’s North Island.

The aggregate price of the two acquisitions is about $NZ13 million ($A11.90 million).

Freightways will combine Advance with its existing business Shred-X and increase its New South Wales operations.

And across the Tasman, Freightways will add Docushred to its existing company, Document Destruction Services.

As News.com.au reports, Freightways made two similar purchases in October. It bought the Brisbane-based company Document & Data Storage Management; as well as the Dunedin-based company Document Destruction Services.

Commenting on the latest acquisitions, Dean Bracewell, managing director of Freightways, said that the document destruction sector was performing well for Freightways.

"A lot of paper is still being generated by business and it's worth remembering that we are talking about the secure destruction of documents rather than just wastepaper removal," he said.

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