Stericycle - Replicating A Successful Strategy Abroad
Jul. 15, 2015, 4:36 PM
- Stericycle (NASDAQ:SRCL) agrees to acquire privately-held paper shredding provider Shred-It International for $2.3B in cash.
- SRCL says it expects the deal to be accretive to cash EPS by at least 10% in 2016 and in the mid-to-high teens in 2018, with cost synergies of at least $20M-$30M by 2018.
- Ontario-based Shred-It had planned to raise ~C$600M in an IPO that was expected to be Canada’s largest this year.
Stericycle, Inc. is engaged in the business of managing regulated waste and providing an array of related and complementary services. The company's regulated waste services include medical waste disposal, Steri-Safe medical waste and compliance program, its Clinical Services program, its Bio... More
Sector: Industrial Goods
Industry: Waste Management
Country: United States
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