In this challenging economic environment, all businesses are seeking ways to conserve their financial assets. However, it is difficult when costs to run a business do not remain stable.
After numerous requests for newly revised information on this subject, I have gone through the volumes of information obtained from both healthcare and hospitality laundry operations world-wide.
The human tendency is to do less, spend less, worry more and have more fear. However, in tough economic times such as this, it’s more important than ever for companies to relearn and grow, to be innovative and not procrastinate!
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.