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PHS Datashred sold for £83m to Restore plc

The deal which was completed in August 2016 demonstrates how the market is becoming polarised. This and other recent acquisitions have consolidated the market to a few one-size fits all mega players while smaller independent shredding firms offer bespoke service driven solutions. Shred-It was thought to be the largest and now Restore latest acquisition means it is closing in on the number one player.

 

Charles Skinner, cheif executive of Repstore plc is quoted letsrecycle.com saying the combination of PHS Data Solutions and Restore "will drive increased returns for Restore's shareholders - for the full story click here.

Consolidation means a reduction in choice for customers and that provides independent operators to pick up business where the mega players become to removed from their customers and the service suffers.

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