Textile Services News

Angelica Completes Sale to KKR

Angelica Corp. recently completed the sale of substantially all of its and its subsidiaries’ assets as a going concern to KKR (Kohlberg, Kravis, Roberts), a leading global investment firm, according to a news release. Under KKR’s ownership, the business is moving forward with the Angelica name and will continue to provide linen services to the healthcare industry, serving more than 3,800 hospitals, clinics, and long-term care facilities nationwide, the release said. In connection with the closing of the transaction, Cary B. Wood has been named Angelica’s president and ...