Laundrylux announces acquisition in US California

Laundrylux recently announced the acquisition of the assets of Golden State Laundry Systems in California.

“We are thrilled to partner with Mike & Laura Hurrell and the Golden State team in San Diego, Los Angeles, and the Bay Area to serve the California market and accelerate growth,” according to John Sabino, Laundrylux’s CEO. And Mike Hurrell of Golden State Laundry states: “We have had a long, successful relationship with Laundrylux and to participate financially in Laundrylux’s acquisitions and consolidation of professional laundry distribution is a great opportunity.” Neal Milch, Executive Chairman of Laundrylux, says:  “We have numerous acquisitions in development and every transaction includes management continuing to run their business, with access to all our resources and capabilities. As financial partners, acquired distributors will participate in Laundrylux’s nationwide growth and future liquidity options. We become one unified enterprise.”

Laundrulux is a North American supplier of Electrolux & Wascomat commercial laundry equipment for laundromats, coin laundries and on premises laundries, with 65 years of experience in distribution, product & technology development, financing and equipment leasing. The company operates throughout North America.