Acquisitions help boost profits and revenue at Johnson Service Group
Dry-cleaning, workwear and linen firm Johnson Service Group has seen profits and revenue rise off the back of a number of successful acquisitions.
The company, which boasts dry-cleaning and tablecloth deals with the likes of Waitrose and Jamie's Italian, saw profits rise from £1.2 million to £10.4 million in the first half of the year. Revenue rose 26% to £137.6 million.
Chief executive Chris Sander said that acquisitions such as Ashbon Laundry and London Linen have helped drive the firm's performance.
"The recent acquisitions are performing better than we initially expected and have significantly increased our presence in the high volume hotel linen market. We'll continue to grow through a combination of organic growth and acquisitions."
Johnson also supplies bedding and towels for budget hotels such as Premier Inn.
Mr Sander added that the deal with Waitrose, whereby Johnson runs 154 dry-cleaning units within the supermarket's stores, will see a s mall number of additional locations but is nearing completion.
The firm's other high-profile clients include Jaguar Land Rover and restaurants Sexy Fish and The Wolseley.