BE CREATIVE AND SUCCEED IN A DOWNTURNED ECOMOMY.
The laundry industry desperately seeks a return to stability, respectability and most of all profitability. I would estimate that this yearning will make 2003-2005 the years of deals, beginning with a consolidation trend in which the big get bigger and the others get lost. These mergers must take place in order for the industry to be profitable. There is way too much duplication.
LAKE BUENA VISTA, FL-- When we think of Mickey and Minnie Mouse, Cinderella or any of the inhabitants of Disney's Magic Kingdom our minds often wander to our childhood and the unforgettable Walt Disney characters and stories we've grown to know and love. These and other characters live on at Florida's Walt Disney World, meeting and greeting thousands of visitors daily.
No matter if you manage a laundry, work in a laundry, or participate in a system that furnishes products to the industry, it should be understood that employees (that is all of us) expect more in life than work itself. We expect and should practice the philosophy that our lives have priority over work. If you are a smart manager you already know this, if you are a manager who will soon self destruct then you better get with the program before all comes tumbling down.
The response from Ty Acton and the 28 other Tingue Brown sales representatives who took part in the company's unique exchange program last year was so positive, that plans are underway to repeat the experience in 2001.
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.