Elis, a leading multi-services group in Europe and Latin America, specialising in the rental and maintenance of professional clothing, textile articles, hygiene and well-being appliances, reached an agreement to close the acquisition by Elis of 100% of Bardusch Arrendamentos Texteis Ltda, the Brazilian subsidiary of the Bardusch Group, which operates three production sites in the country.
These three laundries, located in Curitiba, Jundiai´ and Rio Verde (at a client’s facility), mainly offer a rental and maintenance service of professional clothing for industrial clients in the automotive and food-processing sectors.
In 2016, these three production sites posted revenues of c.30 million Brazilian reals (c.8 million euros using an exchange rate of 3.7 Brazilian reals for 1 euro).
Xavier Martire´, CEO of Elis, said: “This new bolt-on acquisition in Brazil marks a further expansion of our activities in the country. By acquiring Bardusch’s three laundries, Elis reinforces its offer in the workwear segment. We expect to quickly integrate the company and its employees into the Elis Group. The transfer of know-how should contribute to Elis’ profitable growth trajectory going forward.”