Six-figure RBS funding secures drycleaning acquisition

Six-figure RBS funding secures dry cleaning acquisition.

Aberdeen Laundry Services has acquired Cathkin Clean Scotland in a move that will extend its reach and boost its offering, incorporating Cathkin’s niche local government, defence, healthcare and transport markets, as reported in The Scotsman online.

The purchase was supported by a £275,000 funding package from Royal Bank of Scotland.

The takeover has secured the employment of 20 existing staff, with Aberdeen Laundry Services – which also offers linen hire, industrial garments, textile restoration and drycleaning services – hiring a further 10 to meet increased demand.

Director Surendra Khandelwal said “We’re pleased to be expanding our business with the acquisition of Cathkin, a successful family-run business, which will allow us to broaden our geographical spread and offer a cross section of laundry services to the whole of Scotland. We’d like to thank Royal Bank of Scotland for supporting our growth plans through this acquisition.”

cathkin_clean_laundry_dry_cleaning

Six-figure RBS funding secures dry cleaning acquisition.

Aberdeen Laundry Services has acquired Cathkin Clean Scotland in a move that will extend its reach and boost its offering, incorporating Cathkin’s niche local government, defence, healthcare and transport markets, as reported in The Scotsman online.

The purchase was supported by a £275,000 funding package from Royal Bank of Scotland.

The takeover has secured the employment of 20 existing staff, with Aberdeen Laundry Services – which also offers linen hire, industrial garments, textile restoration and drycleaning services – hiring a further 10 to meet increased demand.

Director Surendra Khandelwal said “We’re pleased to be expanding our business with the acquisition of Cathkin, a successful family-run business, which will allow us to broaden our geographical spread and offer a cross section of laundry services to the whole of Scotland. We’d like to thank Royal Bank of Scotland for supporting our growth plans through this acquisition.”

cathkin_clean_laundry_dry_cleaning

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