Johnson Group UK Acquires Fresh Linen

Johnson Service Group (JSG), the United Kingdom textile rental services provider, recently released a trading update for the year ended Dec. 31, 2019. The Group confirmed the completion on Nov. 30 of its acquisition of the entire issued share capital of Fresh Linen Holdings (Fresh), together with its trading subsidiary Fresh Linen Limited, for a cash consideration of 12.5 million euros ($13.8 million) on a debt-free, cash-free basis and subject to an adjustment for normalized working capital. The consideration includes the freehold site. The business, which has some 340 employees and operates from ...