JSG reports ‘another consistently strong performance’ and expands with laundry acquisition 04 Sep 2018

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Johnson Service Group (JSG) has announced  their interim results along with the acquisition of a Cornish-based laundry business HORECA linen business, South West Laundry Ltd. The deal worth £15.5 million, completed on 31 August 2018, extends their coverage to South West England, and has a new well equipped laundry with spare capacity for growth.

Chris Sander, chief executive officer of Johnson Service Group, commented: “We are delighted to report another consistently strong performance across the Group.  Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, is delivering encouraging results.

“Recent organic growth and margin performance gives us confidence in the outlook for the second half of 2018.  As a result, we expect results for the full year to be slightly ahead of current market expectations.”

South West Laundry Ltd are based in Hayle, Cornwall and predominantly service the hotel and restaurant market. The acquisition opens up a new geographical trading area for Johnson Service Group who to date have very little existing business in Devon and Cornwall. The laundry was completely refurbished with new equipment following a fire in March 2017 and currently processes some 340,000 pieces of linen per week and employs 100 staff.

JSG also announced that one of the Directors currently managing the business, Wayne Retallack, will be joining the Stalbridge management team and will continue to run South West Laundry.

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