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G&K's GRANTEX acquisition adds quality BU to core rental opts

02
Feb '07
G&K Services Inc announced the acquisition of the outstanding stock and certain real estate from Grand Rapids Coat & Apron Service Inc (GRANTEX). GRANTEX is a uniform rental and facility services company serving Western Michigan.

"We are pleased to announce the acquisition of GRANTEX," said Richard Marcantonio, G&K's chairman and chief executive officer. "GRANTEX has an excellent reputation for providing premium products and services in its marketplace. We welcome GRANTEX's employees and customers to G&K."

The acquisition adds approximately $5.0 to $6.0 million in annual revenue for G&K and expands G&K's strong North American presence by adding two top one-hundred metropolitan markets. In addition, G&K gains a fully-automated, state-of-the-art processing facility.

"The acquisition of GRANTEX adds a quality business with a history of innovation to our core rental operations," added Richard Marcantonio. "Our acquisition strategy will continue to focus on leveraging our existing facility infrastructure and expanding our market presence and capabilities."

G&K Services Inc


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