K-Bro Linen (TSE:KBL) has released an update.
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K-Bro Linen Inc. has expanded its Canadian market presence with the strategic acquisition of Buanderie C.M. Inc., a healthcare laundry business in Montréal, for $12 million, which is expected to enhance K-Bro’s service capacity and revenue streams in the healthcare sector. Funded by K-Bro’s credit facilities, the deal includes real estate assets and aims to deliver growth and customer diversification in Quebec, reinforcing the company’s position as Canada’s leading laundry and linen service provider.
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