EDMONTON, AB, — K-Bro Linen Inc. announced that it has successfully completed its acquisition of Buanderie C.M. Inc. (“C.M.”) for an enterprise value of $12 million, on a cash-free, debt-free basis, according to a news release. The transaction includes the real estate for C.M.’s processing and storage facilities located in North Montréal. The acquisition is …
EDMONTON, AB – K-Bro Linen Inc. announced the acquisition of Shortridge Ltd., a hospitality laundry provider based in the North West of England. This expands K-Bro’s geographic footprint in the £1.4 billion UK commercial laundry and textile rental market, according to a news release. Shortridge is headquartered in North West England, with laundry processing sites in …
K-Bro Linen Inc., Edmonton, Alberta, Canada, announced that it has entered into a three-year, $175 million committed, syndicated revolving credit facility, according to a news release. “We are pleased to announce our new upsized syndicated Credit Facility with TD and the other syndicate lenders, which will provide us with further financial flexibility to pursue our …
K-Bro Linen Inc., an owner/operator of laundry and linen processing facilities in Canada, recently released its Inaugural Sustainability Report. The report outlines the Corporation’s strategy related to Environmental, Social and Governance (“ESG”) processes and provides a foundational framework to move forward on future objectives and initiatives. The Sustainability Report highlights K-Bro’s long-term strategy and focuses …