MARCH 2014
Late News ARCO/Murray Laundry Division gets TV show spotlight DELRAY BEACH, Fla. — How2Media, producers of the TV show World’s Greatest!..., have selected ARCO/Murray Laundry Division to be part of the ION Network series. “The Laundry Division of ARCO/Murray is a multiaward-winning company that provides a very unique service—they design and build commercial and industrial laundry facilities for clients across North America,” says Gordon Freeman, executive producer of the show. “However, it’s their combination of top-notch talen, first-rate service and world-class performance that sets them apart. “We think their story will be meaningful to our viewers.” How2Media sent a film crew to Miami to meet with the ARCO/Murray team at the site of one of its recently completed projects. The objective was to learn the story behind the story of the growing company. World’s Greatest!... is a 30-minute show dedicated to highlighting the “world’s greatest companies, products, places and people,” How2Media says. Each episode features behind-the-scenes footage, informative interviews, and exciting visuals. The episode featuring ARCO/Murray had not yet been scheduled as of press ALN time.
Volume 40, Number 3
Alliance Laundry Holdings to acquire Primus Laundry Equipment Group Belgium-based manufacturer markets equipment under Primus, Lavamac, Deli brands RIPON, Wis. — Alliance Laundry Holdings LLC, the parent company of Alliance Laundry Systems, has signed an agreement to acquire Primus Laundry Equipment Group. Terms of the pending transaction were not disclosed. Primus Laundry Equipment Group is headquartered in Gullegem, Belgium, with production facilities in Pribor, Czech Republic, and Guangzhou, China;
and sales offices in France (Lyon), the United Arab Emirates (Dubai), Spain (Barcelona) and Hong Kong. Primus Laundry Equipment Group markets commercial washer-extractors, tumbler dryers, ironers, and feeding and folding equipment under the Primus, Lavamac and Deli brands. It has annual revenues of approximately 87 million euros (approximately $120 million).
“We are very pleased to have the Primus organization join our company,” says Mike Schoeb, Alliance Laundry’s president and CEO. “We view their management team, product breadth, distribution, quality focus and commitment to reliability as complementary to our global reach.” Primus Laundry Equipment Group CEO Eddy Coppieters says the company is “...excited to join the world leader in commercial laundry. Joining the Alliance team at this point is good for our employees, our customers and the industry.”
Completion of the transaction, which is expected to close prior to the end of this month, is subject to customary closing conditions. Alliance Laundry Systems designs, manufactures and markets commercial laundry equipment under the UniMac, Speed Queen, Huebsch, IPSO and Cissell brands. Alliance Laundry Holdings LLC is an indirect subsidiary of ALH Holding Inc., a portfolio company of the Ontario Teachers’ Pension Plan managed by its private equity investment division, Teachers’ ALN Private Capital.
Sign here: A look at textile services contracts By Carlo Calma, Editorial Assistant ALEXANDRIA, Va. — The start of a new year affords many opportunities for businesses, among them the acquisition of new customers. At the heart of these partnerships lies a document outlining the responsibilities that both parties must adhere to—a contract. The Textile Rental Services Association (TRSA) explored this topic in relation to the textile rental services industry in a recent webinar titled What’s New in Customer Contracts for Textile Services Companies, which featured Steven John Fellman, member of TRSA’s general counsel and attorney with GKG Law. CONTRACT BASICS
Speaking in general terms, Fellman defined contracts as a written document describing the agreements that both parties enter into, and should explain to the
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customer what is expected from them, and what they can expect from the business. “The responsibilities of each
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Inside ‘Life Traps’ to Avoid
[party] should be clearly laid out in the contract and it should be signed and dated by authorized representatives of the parties to the
contract,” he says. So how does this translate to the See CONTRACTS on Page 6
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Job you can’t stand; being satisfied with status quo; thinking you know it all.
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