Dutch CleanLease announces to take over textile care specialist Lips +

CleanLease intends to take over Lips +. With the combination CleanLease and Lips + a high-quality specialist will be formed in the field of textile care and logistics. The proposed agreement has been submitted for advice to both Works Councils and is subject to the usual approval procedure of the Authority for Consumers and Markets (ACM). The acquisition is expected to be completed in the first half of 2019.

The market in which CleanLease and Lips + are active is characterized by many players and has been very competitive for years. This ensures low margins and consequently limited scope for structurally investing in innovation. The combination of both companies will create a strong national company in textile care and logistics. CleanLease and Lips + jointly have better opportunities to structurally invest in modernization and in the development of innovative products and services for their customers.