Johnson Service Group PLC Acquisition of Ashbon Services Limited (2838H)
30 Novembro 2015 - 5:00AM
UK Regulatory
TIDMJSG
RNS Number : 2838H
Johnson Service Group PLC
30 November 2015
30 November 2015
Acquisition of Ashbon Services Limited
Johnson Service Group PLC ("JSG" or "the Company"), the leading
textile services group, has acquired the entire share capital of
Ashbon Services Limited, a specialist linen hire and laundry
business based in Lincolnshire, for a cash consideration of GBP6.25
million, on a debt free, cash free basis.
Ashbon, which serves the catering, hotel and leisure industries
from its processing plant in Grantham, complements JSG's existing
Stalbridge, Bourne and London Linen businesses, providing
operational efficiencies and additional production capacity for the
Midlands and North of England.
The acquisition is expected to be immediately earnings enhancing
and follows JSG's successful acquisitions of London Linen earlier
this year and Bourne in 2014. Ashbon reported revenue of GBP4.5
million for the year to 31 October 2014 and has a history of year
on year revenue growth.
Chris Sander, CEO of Johnson Service Group, said:
"Ashbon is a strong business and it shares our core values of
quality, reliability and service. Its 20,000 sq. ft. processing
plant perfectly complements our Stalbridge, Bourne and London Linen
operations, and will enable us to improve the service we offer to
our customers in the Midlands and North of England. This
acquisition furthers our strategy of buying businesses which can be
integrated easily into the wider Johnson Service Group."
Enquiries:
Johnson Service Group PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: 01928 704600
Investec Investment Banking (NOMAD) Bell Pottinger
David Flin Rollo Crichton-Stuart
Matt Lewis Gavin Davis
James Rudd Greg Wood
Tel: 020 7597 4000 Tel: 020 3772 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQPGGBUGUPAGAR
(END) Dow Jones Newswires
November 30, 2015 02:00 ET (07:00 GMT)
Johnson Service (LSE:JSG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Johnson Service (LSE:JSG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024