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Alliance Laundry Purchasing Primus Laundry Equipment Group

Alliance Laundry Holdings
LLC Tuesday announced the signing of an agreement to acquire Primus Laundry
Equipment Group. Alliance Laundry 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’ Private Capital. 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 UAE (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. Primus Laundry
Equipment Group has annual revenues of approximately EUR 87 million. Mike
Schoeb, Alliance Laundry’s President and CEO stated, “We are very pleased to
have the Primus organization join our Company. We view their management team,
product breadth, distribution, quality focus and commitment to reliability as
complementary to our global reach.” Eddy Coppieters, Primus Laundry Equipment
Group’s CEO stated, “We are 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
March, is subject to customary closing conditions.