K-Bro Linen Inc. (TSX:KBL) acquired Buanderie Villeray Ltee on November 1, 2023. The acquisition is for an enterprise value of CAD 11.5 million and a potential earnout of CAD 1 million. As part of the transaction, K-Bro will close its Granby facility and consolidate its volumes into Villeray. K-Bro anticipates that the integration of its existing Granby operations into Villeray will be completed by the end of Q2 2024. The purchase price and capital expenditures will be satisfied by drawing down on K-Bro's revolving credit facility. Buanderie Villeray has an annual revenues of approximately CAD 10 million.

K-Bro Linen Inc. (TSX:KBL) completed the acquisition of Buanderie Villeray Ltee on November 1, 2023.