The big players in shredding services and document storage continued their mergers and acquisitions bonanza. Brambles has announced that they are looking for buyers for their Recall operations. Brambles, based in Sydney, Australia, will continue their focus on the global pallet market. Recall is estimated to be worth around $2 billion.

Brambles has seemed alternately interested in growing and selling Recall and its records management businesses. Rumors were that they were on the market in the past but this is the first time they have declared their intentions publicly.

This announcement follows on the heals of Brinks selling their document destruction operations to Shred-it. There will be two less large companies in the market whenever this deal closes. The three biggest players left standing are Iron Mountain, Shred-It and Cintas. There are also several companies that are actively growing their service footprints from regional to national players. It will be interesting to see if the get acquired as will as the industry consolidates.