February 2018: Bolt on acquisition of Millbrook Linen by Celtic Linen

In February Celtic Linen, Causeway Capital’s third investment and the leading nationwide commercial laundry operator serving the healthcare and hospitality sectors, acquired Millbrook Linen and appointed Tom Joyce as Chairman.

The acquisition provides Celtic Linen with a second laundry facility located in Naas, Co. Kildare which will operate alongside Celtic’s existing facility in Wexford. This will enhance the quality of the group’s nationwide service to its hospital, care home, hotel and leisure operator customers.

Following the transaction, the Millbrook shareholders will become shareholders in the enlarged Celtic Linen group. The acquisition follows a twelve month, multi-million programme of capital investment by Celtic Linen in new, efficient equipment and high-quality linen for customers.

See coverage here.