Elis acquires Kings Laundry 27 Jul 2018

As reported in NASDAQ

kings laundry aquisition takeover elis cleaning factory
Kings Laundry

The growth of Elis continues with the complete acquisition of Kings Laundry Saint-Cloud, July 26, 2018 in Ireland - Elis, are an international multi-service provider, offering textile, hygiene and facility services solutions across Europe and Latin America. 

The complete transaction is subject to standard regulatory conditions and is expected to be complete by year end 2018. The Kings Laundry plants in Cork and in Dublin primarily operate in Flat Linen. Kings Laundry generated revenues of circa 30 million euros in 2017. The acquisition will allow Elis to offer services to a wider range of customers.

Commenting on this announcement, Xavier Martiré, CEO of Elis, declared: "The acquisition of Kings Laundry is an additional step in our development in Ireland. The quality of Kings Laundry's assets as well as the experience of its management team will facilitate the integration of the company, whose founder will become country CEO."

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