For press inquiries, contact:
Jeff Salzgeber
Radiant Media Group, LLC
512-382-6685
jeff@radiantmediagroup.com
Balcones Resources Merges with Austin Shred, Creating the Premier
Document Destruction Facility in Central Texas
AUSTIN, TX, January 31, 2008 — Balcones Resources (www.balconesresources.com),
the largest independent recycler of high-grade paper and provider of comprehensive
environmental services in the Southwest, today announced its merger with Austin
Shred (www.austinshred.com), the leading locally-owned offsite provider of
secure document destruction services. The merger will create the premier document
and product destruction facility in Central Texas.
Under the terms of the agreement, Austin Shred will function as the Central
Texas arm of Balcones’ secure document destruction operation. Shane Mericle
will serve as the Vice President of Operations for Austin Shred under the merger.
Effective January 1, 2008, the company will officially be known as "Austin
Shred, a Balcones Resources company." Financial terms of the deal were
not disclosed, but are said to be a cash and stock combination.
"This merger leverages Austin Shred’s contacts, clients, and resources,
helping to round out the services that Balcones Resources offers and accelerating
our growth exponentially," said Kerry Getter, Balcones Resources CEO. "With
our combined equipment and increased capacity, we will now be able to offer
customers a faster, wider variety of document destruction services at a lower
price."
Indeed, Balcones Resources had only recently started a shred division in Austin,
and, by merging with Austin Shred, will now have the capacity to handle tractor
trailer loads of material, in excess of 1000 tons per month. Balcones will
also inherit Austin Shred’s 350 customers; benefit from Austin Shred’s sustainable
shredding expertise and customer service.
"The timing of this merger could not be more ideal: Austin Shred was
getting ready to move into recycling just as Balcones Resources – with whom
we had a longstanding relationship – was looking to spin off its shred business," said
Shane Mericle, Austin Shred Vice President. "Joining forces with Balcones
affords us the opportunity to service clients in a more economical and efficient
manner. It is also the perfect marriage of like-minded companies with the same
commitment to providing unparalleled, high-touch, scalable customer service
combining today’s technology with the mom-and-pop shop of yesteryear."
With this merger, the combined companies will have the most document and product
destruction capacity of any company in Central Texas.
Balcones Resources is the largest independent recycler of high-grade paper
and provider of comprehensive environmental services in the Southwest. Balcones
is much more than recycling. The firm offers a wide range of customized environmental
services, ranging from recycling expertise and Anything That Tears recycling
programs to waste removal options, equipment sales and leasing, non-traditional
recycled products and alternative fuels.
Austin Shred is the premier Central Texas document destruction service company.
The firm provides a comprehensive suite of services for complete compliance
with federal and state information privacy laws and regulations, including
HIPAA medical record destruction. The company caters to and supports private
residences, small/home office businesses, mid-market corporations and Fortune
500 companies. Austin Shred helps its clients ensure security, privacy and
regulatory compliance. The firm can provide on-site document destruction as
part of its document destruction services.
For more information, visit http://www.balconesresources.com and http://www.austinshred.com/.
###
