Today’s Environmental Compliance Costs: Insurance Archeology for the Laundry Industry
Cleveland, Tenn. — Bradley Rentals may not be a huge facility, but they’ve increased output in a big way by replacing a hand-held iron with an industrial flatwork ironer.
The recent terrible natural disasters witnessed, which have affected families and businesses alike, causing many to lose their homes and livelihoods, is a reminder that nothing should be taken for granted.
With the stock markets plummeting and the overlying fear of a deepening recession, most economic news today is not encouraging. Whether due to the trickle down or domino effect – economic woes are affecting our industry as a whole.
In the past, resident’s clothing in nursing homes was sorted by chance. This “sorting procedure” was inefficient and about 20 percent of the time, residents were given someone else’s clothing. Needless to say, there was a need for a more efficient means of clothing identification. Hence, the laundry marker was invented.
Quick Rinse - News From Around The World
Gulf Coast Laundry Acquired by Swisher Hygine
CHARLOTTE, N.C. — Swisher Hygiene Inc., a provider of hygiene and sanitation products and services, announced that it acquired Gulf Coast Laundry Services of Mississippi, LLC (“Gulf Coast Laundry Services”), a Mississippibased linen services company.
Gulf Coast Laundry Services provides linen rental and laundry services throughout southern Mississippi, Louisiana and Alabama, primarily to hotel, casino and resort customers. Concurrent with the acquisition, the founder of Gulf Coast Laundry Services, David Gross, will join Swisher Hygiene and contribute to the continued growth of its linen services business.
Total consideration paid by Swisher Hygiene in connection with the acquisition includes approximately $4.8 million in cash and the issuance of a convertible promissory note which may be converted into a maximum of 350,000 shares of Swisher Hygiene common stock subject to certain restrictions, including acceptance by the Toronto Stock Exchange.