6th Jan 2016 07:43
LONDON (Alliance News) - Textile services company Johnson Service Group PLC on Wednesday said its trading results for the year to the end of December are set to meet market forecasts and will be significantly ahead year-on-year thanks to acquisitions it has made.
In May, Johnson Service paid GBP65.4 million for London-based table linen and chef's wear supplier London Linen Supply Ltd and followed this in November with a GBP6.3 million deal to acquire Lincolnshire-based linen hire and laundry business Ashbon Services Ltd.
Johnson Service added that the impact of the implementation in April of the UK National Living Wage, an effective minimum wage for over-25s, is already reflected in market expectations for its 2016 results.
By Sam Unsted; [email protected]; @SamUAtAlliance
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