Redishred Capital Corp. Announces the Acquisition of Illinois Based Mobile Document Destruction ("MDD")

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Mar 02, 2022

MISSISSAUGA, ON / ACCESSWIRE / March 1, 2022 / Redishred Capital Corp. ("Redishred" or the "Company") (TSXV:KUT, Financial) has completed the acquisition of MDD's book of client relationships and associated assets. Redishred anticipates an increase in its annualized revenue of over USD$200,000 per annum based on prior year results, and views this acquisition as accretive to the Company's cash flows and earnings per share. The acquired clients will be serviced by the Proshred® Chicago location from its Tinley Park, Illinois facility. The acquisition was financed by utilizing Redishred's cash reserves.