LAVATIO GROUP HAS ACQUIRED A MAJORITY SHARE IN TEXTIL-SERVICE ILSE
Textil-Service Ilse GmbH, with 260 employees at its headquarter in Baden-Baden, has been active in the textile service and textile care indutry for more than 100 years. At its two locations, the company processes approx. 55 tons of textiles daily for hospitals, retirement and nursing homes and hotels. Thanks to a high-quality range of textile services, the industrial laundry has established itself as a leading regional service provider.
The Lavatio Group is a leading laundry group in the German-speaking region. As a full-service provider, the group rents and processes a wide variety of textiles. The main products include bed, terry and table linen for the hotel, restaurant and catering sectors, workwear for trade and industry and individual residents’ linen for nursing and healthcare facilities. With over 700 employees, the group currently processes around 200 tons of laundry per day in Germany and Switzerland, with a turnover of over EUR 50 million. The Lavatio Group, originated from the Kruppert Group, is one of the most modern laundries in Germany with its headquarter in Hünfeld and an additional location in Switzerland.
The acquisition of the company strengthens the Lavatio Group’s presence in central and northern Baden-Württemberg, alongside the existing large-scale laundries Ruck and Gall in Freiburg and Indlekofer in Bonndorf. The merger continues the successful expansion of the Lavatio Group on an equal footing with entrepreneurs and strengthens the position of the laundry group.
Sancovia initiated the transaction and advised the buyer throughout the process.