Fishers acquired by K-Bro for £35m

27 November 2017 by
Fishers acquired by K-Bro for £35m

Fishers Laundry Group (Fishers) parent company, Fishers Topco, has been acquired by Canada-based K-Bro Linen from private equity firm, Caird Capital for £35m.

Fishers is one of the leading commercial laundry and textile rental providers in Scotland and the North East of England.

In the deal, due to complete today, K-Bro plans to use Fishers to build its presence in the UK commercial laundry and textile rental market.

Fishers will operate as a standalone, wholly owned subsidiary of K-Bro and will retain its headquarters in Cupar, Fife.

It has been confirmed that the Fishers management team will remain with the business.

Michael Jones, managing director of Fishers, said: "This is great news for Fishers as it brings a new owner for the business with the resources, experience and ambition to take Fishers to the next level. I am confident that, as part of K-Bro, Fishers will thrive and I look forward to drawing on K-Bro's experience, particularly in the Canadian healthcare sector, to help us grow the Fishers business further here in the UK."

Linda McCurdy, president and chief executive officer of K-Bro, said: "We are very excited to add the Fishers platform as K-Bro's first acquisition outside of Canada. The UK linen hospitality market is mature, but still highly fragmented, and we expect to leverage Fishers' leading market position, experienced local management team, entrenched customer relationships and proven track record of stable and profitable operations to take advantage of the significant organic growth and consolidation opportunities available to us, similar to what we have achieved in Canada."

Headquartered in Edmonton, Alberta, K-Bro employs over 1,600 people in nine processing facilities and two distribution centres in 10 cities across Canada.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking