Elis Acquires Czech Launderer

International multiservice provider Elis—offering textile, hygiene and facility services solutions across Europe and Latin America—is maintaining its expansion strategy in key markets with the recent acquisition of Textil Washing Co. in the Czech Republic. This company is a family-owned business in Kralovice that provides rental cleaning of flat linen for clients mainly operating in the hospitality industry. The group generated revenues of approximately 4.5 million euros ($5.02 million) in 2018. Xavier Martiré, CEO of Elis, said the merger would strengthen his company’s position in the region: “The acquisition of Textil Washing Company enables our company ...