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The UPS Store offers shipping, packaging, printing, shredding, notary services and postal services for individual consumers and small businesses. [7] [8] [9] Franchise locations are typically found on or near military bases, hotels, colleges, shopping centers and convention centers. [10]
In 1997, Weitsman opened Upstate Shredding on a 17-acre site at the Tioga County Industrial Park in Owego. [1] [4] In 2005, Upstate Shredding purchased its sister company, Ben Weitsman & Son, Inc. Adam's father Fred announced his retirement in 2005, [5] and Adam acquired a new scrapyard in Solvay, New York, in 2009. [6] [7]
It also sells industrial shredding equipment to other secure information destruction businesses. [7] In 2014, Shred-it merged with Cintas Document Shredding, which now operates under the Shred-it name. [8] [9] [10] In 2015, Stericycle acquired Shred-it and began positioning the company as one of its many waste management and compliance services.
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Revelations of irregular accounting led to a major drop in stock price and to the replacement of top executives after a new CEO ordered a review of the company's accounting practices in 1998. Waste Management's shareholders lost more than $6 billion in the market value of their investments when the stock price plummeted by more than 33%. [ 7 ]
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