Elis announces the closing of the acquisition of Kings Laundry in Ireland
07 Juillet 2020 - 5:40PM
Elis announces the closing of the acquisition of Kings Laundry in
Ireland
Elis announces the closing of the
acquisition of Kings Laundry in
Ireland
Saint-Cloud, 07 July 2020 –
Elis, an international multi-service provider, offering textile,
hygiene and facility services solutions across Europe and Latin
America, is continuing its expansion strategy in its key markets
with the closing of the acquisition of 100% of Kings Laundry in
Ireland.
Kings Laundry operates two plants in Cork and in
Dublin that are dedicated to Flat Linen. It generated revenues of
c. 35 million euros in 2019.
Following the signing of the acquisition in July
2018, the CCPC (Competition and Consumer Protection Commission)
mandated the sale of a client portfolio worth c. €800,000 euros in
the Healthcare segment before the deal could be finalized.
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.”
Contacts
Nicolas Buron Investor Relations Director –
Phone: +33 1 75 49 98 30 - nicolas.buron@elis.com
Audrey Bourgeois Investor Relations – Phone:
+33 1 75 49 96 25 - audrey.bourgeois@elis.com
- 20200707 - Elis closes the acquisition of Kings Laundry in
Ireland
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