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Classified in: Business
Subject: TNM

Laundrylux Announces Acquisition


INWOOD, N.Y., Jan. 17, 2019 /PRNewswire/ -- Laundrylux announces acquisition of the assets of CESCO NW, in Washington State.

"Laundrylux is delighted to partner with Rich Boyd, who we have worked with for many years, to turbocharge the Pacific Northwest market and accelerate growth in the Western USA," states John Sabino, Laundrylux's CEO. 

"CESCO goes back decades with Wascomat and Electrolux professional laundry, so this makes perfect sense," Rich Boyd comments. "I welcome the opportunity to become an investor in Laundrylux's consolidation of multi-brand professional laundry distribution nationwide. The future is here and I'm excited to be part of it!"

Neal Milch, Executive Chairman of Laundrylux, notes, "We have announced two acquisitions with many more in development, and every transaction includes experienced management continuing to run their business. With access to Laundrylux's many resources and capabilities, we are confident even greater success is assured. Rich will participate in Laundrylux's nationwide growth and future liquidity options, and we invite interested forward-thinking distributors ? regardless of brands represented ? to contact us to discuss joining the Laundrylux team."

Laundrylux is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years experience in distribution, product & technology development, financing, equipment leasing, coin-op laundry development, On Premise Laundry, and wet-cleaning. Laundrylux currently serves the United States, Canadian and Mexican markets.

Contact:
John Sabino
Laundrylux
jsabino@laundrylux.com

SOURCE Laundrylux


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News published on 17 january 2019 at 12:05 and distributed by: