Peltz sells shredding division to Iron Mountain. (Paper).The Peltz Group, Milwaukee, has announced the sale of its shredding shred n. 1. A long irregular strip that is cut or torn off. 2. A small amount; a particle: not a shred of evidence. tr.v. division to Iron Mountain Confidential Destruction, a division of Iron Mountain Inc., Boston. As part of the transaction agreement, The Peltz Group will provide brokerage services for Iron Mountain in some of the company's markets. "This is an important strategic initiative for The Peltz Group," says Brian Fielkow, the company's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We've spent several years building our core recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. and brokerage businesses and expanding our operations in that area -- in fact, we've acquired four recycling businesses in the past four years. This transaction will allow us to take further steps to solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our position as a leader in the recycling industry. We remain committed to our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investment in the recycling industry." The Peltz Group handles more than 145,000 tons of recovered fiber paper per month. The company's document destruction division had been known as Security Data Destruction. |
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