Elis, Saint-Cloud, France, continuously considers a range of strategic opportunities. As part of its exploratory conversations around a potential entry into the U.S. market, Elis has recently held conversations with Vestis and UniFirst, according to a news release.
Both discussions have ended, as neither opportunity would have allowed Elis to complete a transaction in line with the company’s strict financial discipline, the release noted. UniFirst Corp., Wilmington, MA, also issued a statement, noting that, “UniFirst is regularly in contact with other companies in the industry related to various business matters. Following recent market rumors related to Elis SA and its potential entry into the U.S. market, UniFirst contacted Elis to better understand those rumors and not with the intent of soliciting an offer. Those discussions have ended and, at this time, UniFirst does not anticipate holding future discussions with Elis. The company is excited about the investments it continues to make in its people, technology and infrastructure to support the business, and believes that it has significant long-term potential.”
Click here to read the full release from Elis. Click here to read the statement from UniFirst. Vestis and Elis commented on their talks in September. Click here to read the recap.
Sign Up For Our Newsletter
Receive the latest updates on the linen, uniform and facility services industry from TRSA delivered straight to your inbox.
