30th Nov 2015 08:01
LONDON (Alliance News) - Textile services company Johnson Service Group PLC on Monday said it has acquired Ashbon Services Ltd, a linen hire and laundry business in Lincolnshire.
Johnson Service will pay GBP6.3 million in cash to acquire Ashbon, which serves the catering, hotel and leisure industries. It expects the deal to be immediately earnings-accretive.
"This acquisition furthers our strategy of buying businesses which can be integrated easily into the wider Johnson Service Group," said Chris Sander, Johnson Service's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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