The deal created a large security shredding business which is now number two in the UK marketplace.
For Mr Pearlgood, who previously headed up the PHS Datashred business, these are “exciting times” and he is very enthusiastic about the role that the Restore division will be playing within the UK business and local authority sectors.
He explained: “Restore has realised that there is a significant business in its own right within the shredding sector and in data solutions and this deal has completed the big picture, although there remains the potential for future smaller acquisitions.”
And, Mr Pearlgood added that it was “good to be focussed on the shredding business” as this was in a market “compared to recycling where you are being paid for the service and also derive an income from the waste paper which means a rebate can be offered.”
Regions
The new company will offer a national service but Mr Pearlgood accepts that there are some regions of the UK, such as central southern England, where the company doesn’t have a strong presence and this is likely to be addressed.
In terms of expanding beyond shredding possibly into more general waste services, Mr Pearlgood explained that this is not on the cards and that the business will remain focussed on the sector it is in.
He said: “We have toyed with the waste idea in the past but we work with facilities management firms and other larger companies and they treat shredding as a security service which they will subcontract to us.
“We are specialists in what we are doing and can provide quality services with a range of depots and a modern fleet of vehicles.”
To hear more about the company’s plans, watch the short video above.
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