UK
Johnson Service Group (JSG), a leading UK textile rental provider, has announced the acquisition of StarCounty Textile Services, which was completed on 11 December 2017.
In line with the board’s stated intent to consider further opportunities to develop the business, JSG has acquired the entire share capital of StarCounty, a specialist hotel and catering linen business for a total cash consideration of £3.9 million, on a debt free, cash free basis, including a freehold site valued at £0.9 million.
StarCounty, based in Wrexham, has been operating in the North West and the Midlands for over 50 years, serving a range of customers including budget hotel chains, country house hotels, restaurants and catering establishments. The acquisition will support and extend the geographical coverage of JSG’s Stalbridge Linen brand across the North West and West Midlands, increasing its processing capacity and also improving the efficiency of the logistics network.
In its latest trading update (5 Jan) for the six months to 31 December 2017, the group said it continued to trade well in the second half of the year, with results for the full financial year expected to be slightly ahead of management expectations. Results for the full year are expected to be published on 27 February 2018.
Chris Sander, chief executive officer of JSG, said: “We are delighted with another period of strong trading. In addition, the acquisition of StarCounty announced today helps us further develop the business in line with our strategy, increasing our presence in the North West and the West Midlands and enhancing the quality of service we can offer our customers in the region.”
