Acquisition news from Laundrylux

Laundrylux announces the acquisition of the assets of CESCO NW, USA.

Rich Boyd, CESCO’s President: “Our company goes back decades with Wascomat and Electrolux professional laundry, so this makes perfect sense. I welcome the opportunity to become an investor in Laundrylux’s consolidation of multi-brand professional laundry distribution nationwide. The future is here and I’m excited to be part of it!”

Neal Milch, Executive Chairman of Laundrylux, states: “We have already announced two acquisitions, with many more in development, and every transaction includes experienced management continuing to run their business. With access to Laundrylux’s many resources and capabilities, we are confident even greater success is assured. Rich will participate in Laundrylux’s nationwide growth and future liquidity options, and we invite interested forward-thinking distributors — regardless of brands represented — to contact us to discuss joining the Laundrylux team.”

Laundrylux is a major distributor of professional laundry equipment in the world, with 65 years experience in distribution, product & technology development, financing, equipment leasing, coin-op laundry development, On Premise Laundry, and wet-cleaning. Laundrylux currently serves the United States, Canadian and Mexican markets.