Buyers Beware—What You Don’t Know Will Harm You

First things first
 
With all the acquisitions taking place in the laundry industry today, many purchasers pay far too little attention to the labor relations’ aspects of the deal. Labor relations play a critical role from the very start of any potential acquisition, especially when the employees of either the purchaser or the seller are unionized. 
 
First, the purchaser must determine whether it has any responsibility to recognize the union as a representative of its employees. As a general rule, if the purchaser is only acquiring customers and no employees, it doesn’t assume union-related ...

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