Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 23, 2025

Article Excerpt

K-BRO LINEN INC., $34.87, symbol KBL on Toronto, is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro operates across Canada and the U.K. and provides a range of linen services to healthcare institutions, hotels and other commercial accounts that include the processing, management and distribution of general linen and operating room linen. K-Bro currently operates 11 processing facilities and two distribution centres under two distinctive brands, including K-Bro Linen Systems Inc. and Buanderie HMR, in 10 Canadian cities: Québec City, Montréal, Toronto, Regina, Saskatoon, Prince Albert, Edmonton, Calgary, Vancouver and Victoria. The company’s operations in the U.K. include Fishers Topco Ltd., which it acquired in 2017. Fishers, established in 1900, is a leading commercial laundry business in Scotland and the Northeast of England. Also, in April 2024, it purchased U.K.-based Shortridge Ltd. for $41.2 million. That firm was established in the early 1900s and is based in Cumbria, with plants in Lillyhall, Dumfries and a distribution depot…