Orkla Care has agreed to sell Lilleborg’s professional laundry business to Christeyns, enhancing Christeyns' market presence in Norway's laundry services industry.
Target Information
Orkla Care has agreed to sell Lilleborg's professional laundry business to Christeyns for an undisclosed purchase price. Lilleborg specializes in providing chemicals, dosing equipment, textiles, and various products tailored for professional laundries operating in Norway. This strategic divestment is set to be finalized in the autumn of 2017.
As a subsidiary of Orkla, Lilleborg has established itself as a key player in the professional cleaning market, utilizing its expertise to cater specifically to the needs of commercial laundry operators. The transaction reflects Orkla's strategic focus on optimizing its portfolio and enhancing operational efficiency.
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Industry Overview in Norway
The professional laundry industry in Norway has shown a steady growth trajectory due to increasing demand from sectors such as hospitality, healthcare, and industrial services. The shift towards outsourcing laundry services am
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Christeyns
invested in
Lilleborg’s professional laundry business
in 2017
in a Other deal
Disclosed details
Revenue: $330M