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Redishred Capital

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About Redishred Capital

Redishred Capital is a customer service and security-focused shredding company, that provides on-site document shredding and recycling services. The company was founded in 1986 and is based in Mississauga, Canada.

Headquarters Location

6505 Mississauga Rd Suite A

Mississauga, Ontario, L5N 1A6,



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Latest Redishred Capital News

Canusa Hershman acquires Recycle1, Arizona Pacific Pulp & Paper - Recycling Today

Nov 7, 2022

Recycling Today archives Canusa Hershman acquires Recycle1, Arizona Pacific Pulp & Paper The company says the addition of a fourth recycling facility will significantly increase its West Coast capacity. November 4, 2022 The financial terms of the agreement were not disclosed. Canusa Hershman , based in Branford, Connecticut, says the acquisition will significantly increase its West Coast capacity. “The addition of Recycle1 boosts our presence in the southwestern U.S. and provides us with a first-class plant in a rapidly growing market,” Canusa Hershman CEO John Daniel says. Recycle1 offers commercial recycling and product destruction services throughout the state of Arizona and surrounding states for large, publicly traded companies, midsize and small companies, government agencies, municipalities and individuals. This year, Recycle1 says it will process up to 60,000 tons of recovered paper. It also has a full-service fleet of trucks, recycling and waste equipment for purchase, lease and rental, and offers waste and recycling audits. According to Canusa Hershman, it is marketing more than 105,000 tons per month of pulp, paper, plastic and metals. The move supports the decarbonization of the aluminum industry. November 4, 2022 Paris-based Constellium SE, which produces value-added aluminum products for a broad scope of markets and applications, including aerospace, automotive and packaging, has announced that it is joining the First Movers Coalition (FMC). The FMC is a World Economic Forum- and the U.S. government-led global initiative to accelerate zero-carbon technologies and reduce carbon emissions by decarbonizing seven “hard to abate” industrial sectors that account for 30 percent of global emissions: aluminum, aviation, chemicals, concrete, shipping, steel and trucking. The FMC seeks to leverage companies’ combined purchasing power. More than 50 companies have joined the coalition to drive more green demand and low-carbon technologies and to help advance the world’s climate goals, Constellium says. “We are proud to join the First Movers Coalition and to contribute to a faster decarbonization journey for the industry,” says Jean-Marc Germain, CEO of Constellium. “Aluminum is fully and easily recyclable, and nearly 75 percent of all aluminum ever produced is still in use today. The aluminum industry has a great role to play to promote the circular economy of tomorrow, and we are excited to further leverage our sustainability actions with this global program. We are committed to do our part in the fight against climate change and to collaborate across the value chain to help drive the low-carbon transition.” Nancy Gillis, FMC program head at the World Economic Forum, says, “Constellium’s impact across the value chain makes the company a tremendous addition to the First Movers Coalition. We look forward to partnering with Constellium to encourage clean energy innovation and move the aluminum industry toward a zero-carbon future.” By joining the FMC, Constellium pledges that by 2030, 10 percent of its primary aluminum purchases will be near-zero emissions, emitting less than 3 tons of CO2 per ton. The FMC pledge also includes a commitment that by 2030 at least 50 percent of all aluminum Constellium uses will be from recycled sources. Constellium says its commitments to the FMC complement its targets to accomplish a 30 percent reduction in carbon emissions intensity by 2030 (Scopes 1, 2 and 3) and to increase its recycled input. They also further its engagement to build a sustainable supply chain. Constellium is a founding member of the Aluminium Stewardship Initiative and has certified several of its facilities. The company also has recently joined the Mission Possible Partnership , an alliance of climate leaders focused on boosting decarbonization across the entire value chain of the world’s highest-emitting industries in the next 10 years. Redishred Capital Corp. has announced it has completed the acquisition of Proshred Philadelphia, a paper and hard-drive shredding, product destruction and paper recycling services company. The Ontario-based company says the price of the acquisition, including earnouts, is estimated between $7.3 million and $8.4 million, and was funded through a combination of cash and borrowings from its acquisition loan facility. Redishred purchased the franchise from Virginia Heron-Doerr and Jim Doerr and gives the corporately owned locations in the New York, New Jersey and Pennsylvania corridor which it says allows for “fleet, administrative and sales synergies.” The acquisition includes on-site paper and hard-drive shredding trucks, box trucks, containers, client relationships, paper baling equipment and other assets used in the shredding and paper recycling business, and Redishred says it views this acquisition as accretive to its cash flows and earnings on aper common share basis. According to Redishred, Proshred Philadelphia earned approximately $2.8 million in revenue during fiscal year 2021 and $1.8 million in the first half of this year. Redishred Capital Corp. is the owner of the Proshred trademarks and intellectual property worldwide. Proshred shreds and recycles confidential documents and proprietary materials across all industry sectors and currently serves over 40 markets in the United States. Packaging company Smurfit Kappa says it does not expect to raise prices any further this year and might be able to unwind some of the recent rapid increases it has pushed onto its customers. According to a Reuters report, the prices charged were 35 percent to 40 percent higher compared with two years ago at the end of June, and the Dublin-based company said Wednesday it had increased prices by another 2percent to 3 percent in the third quarter. Smurfit Kappa CEO Tony Smurfit said the cycle might be over for now following a recent decline in the price of recovered paper, spot gas prices and an abatement in other costs like distribution and logistics. “The question is will some of that be given back to the market and I think the reality is you would expect some of it is going to be given back to the market,” Smurfit said during an analyst call. In its most recent trade update, Smurfit Kappa , whose customers include Procter & Gamble, Unilever and Nestle, said it expects its core profit this year to increase by 33 percent to 2.3 billion euros ($2.3 billion) despite a 3 percent decrease in volumes in the third quarter credited to high inflation, war in Ukraine and shifting consumer demand. However, the company says demand so far in the fourth quarter is at similar levels to the third. Two recent paperboard packaging industry transactions point to ongoing merger and acquisition (M&A) interest by large corporations in increasing their presence in that sector. Chicago-based investment bank P&M Corporate Finance (PMCF) has announced its participation in two M&A transactions within the corrugated packaging industry during the third quarter of this year. The buyer in one case was a wholly owned subsidiary of Indiana-based vertically integrated packaging provider Schwarz Partners, which also is a co-owner of recycled-content board producer New-Indy Containerboard. The other buyer is Hood Container Corp., a business unit of Mississippi-based Hood Cos. Inc. Hood Container operates two recycled-content paper mills in the U.S. Southeast. In the first transaction, Winder, Georgia-based Progress Container has been acquired by The Royal Group (TRG), a wholly owned subsidiary of Schwarz Partners. PMCF describes Progress Container as “a premier solutions provider in the corrugated industry, offering a range of packaging for industrial, retail, eCommerce, and point-of-purchase display customers.” TRG parent company Schwarz Partners operates several paperboard packaging business units and is a joint venture operator, along with the Massachusetts-based Kraft Group, of New-Indy Containerboard. On its website, Schwarz Partners writes, “New-Indy operates four mills, with three specializing in recycled containerboard, one focusing on virgin linerboard.” Within TRG, newly acquired Progress Container “marks the 17th manufacturing facility and 37th TRG location nationwide,” PMCF writes in its press release. This will be the second TRG location in Georgia, along with Dalton Box. “This is a fantastic opportunity for TRG to expand our capabilities and solutions for our customers,” says Bob McIlvaine, CEO of TRG. “Progress Container is a well-respected name in our industry, and their commitment to high graphics solutions and state-of-the-art equipment further enhances our mission statement to provide value-added solutions to the most demanding customers.” In the other transaction, Walker, Michigan-based KPC will join Atlanta-based Hood Container Corp., a wholly owned subsidiary of Hood Cos. Hood Container operates mills  in Louisiana and Tennessee that produce corrugated medium and kraft liner and paper grades. Statements on its website indicate it uses 25 percent recycled fiber (old corrugated containers, or OCC) at its Louisiana mill and in 2021 used nearly 55 percent recovered paper at its Tennessee corrugated medium mill. Charlie Hodges, president and chief operating officer of Hood Container, says, “Hood sees Kentwood as an excellent fit with our own company’s guiding principles and desires to be the best supplier to our customers in the markets we have elected to serve. The addition of Kentwood will help us to continue to build on those key qualities as we merge Kentwood and our own cultures going forward.” Transaction services provider PMCF  describes itself as a client-centric middle-market investment bank providing merger and acquisition advisory services to privately held shareholders and to public and private equity-owned companies worldwide.

Redishred Capital Frequently Asked Questions (FAQ)

  • When was Redishred Capital founded?

    Redishred Capital was founded in 1986.

  • Where is Redishred Capital's headquarters?

    Redishred Capital's headquarters is located at 6505 Mississauga Rd, Mississauga.

  • What is Redishred Capital's latest funding round?

    Redishred Capital's latest funding round is IPO.

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