MergerLinks Header Logo

Announced

Completed

K-Bro Linen completed the acquisition of Shortridge for £24m.

Synopsis

K-Bro Linen, an owner and operator of laundry and linen processing facilities in Canada, completed the acquisition of Shortridge, a high-quality hospitality laundry provider, for £24m. "While our original plans to grow our presence in the UK were interrupted by the Covid pandemic, we have stayed on the alert for further growth opportunities in the UK, and I am excited by the potential that this acquisition presents for us and for Shortridge's customers. We share the same values as Shortridge, so the cultural fit is strong and the business has found a good home as part of the K-Bro family," Linda McCurdy, K-Bro President and CEO.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US