13.03.2015

Luther advises textile service provider Alsco on acquisition of competitor Larosé

ALSCO Berufskleidungs-Service GmbH acquires the textile leasing company Larosé. ALSCO was advised by the German lawfirm Luther Rechtsanwaltsgesellschaft mbH. The Cologne-based company is a long-term client of the law firm. The acquisition will considerably strengthen ALSCO’s presence in Germany. By the acquisition of all shares in Larosé a competitive group of companies with an annual turnover of 150m euros is created which will rank among the leading German firms in this sector. Both companies agreed to keep the details of the transaction confidential. The acquisition is subject to the approval from the German Federal Cartel Office yet.

Background

About ALSCO

ALSCO Berufskleidungs-Service GmbH, registered seat in Cologne/Germany, was founded in 1956 as a subsidiary of ALSCO Inc. (American Linen Supply Company), Salt Lake City/USA. The owner-operated family business is one of the world’s largest companies in the textile service business. Today it employs about 1,117 people at 20 locations in Germany. The services offered include the cleaning and maintenance of working clothes, of textiles for hotel and catering, of personal protective equipment and product protection, as well as facility services and other services. The company has about 35,000 corporate clients nationwide.

About Larosé

Larosé is a competitor of ALSCO and also specialised in textile leasing – this includes the maintenance and distribution of work wear and work clothing as well as table linen, bedding and bath textiles. The company was founded by Dr Hans Imhoff in Cologne (registered seat) in 1977 and has a staff of about 835 people at 15 locations in Germany.

On behalf of ALSCO

Luther Rechtsanwaltsgesellschaft mbH, Cologne: Thomas Weidlich, LL.M. (Lead Partner), Philipp Dietz, LL.M. (Partner), Dr Gregor Wecker (Partner), Katja Neumüller, Fabian Mimberg LL.M., (all Mergers & Acquisitions), Axel Braun (Partner), Dr Eva Maria K. Rütz, LL.M. (both Employment Law), Ingo Erberich (Partner), Michael Kunkel LL.M. (both Real Estate Law), Thomas Koch (Partner, Banking & Finance), Volker Steimle (Partner, Commercial and Distribution Law)

Luther Rechtsanwaltsgesellschaft mbH, Essen: Claudia Schoppen (Partner, Environmental Law)

Luther Rechtsanwaltsgesellschaft mbH, Dusseldorf: Dr Helmut Janssen, LL.M. (Partner, Antritrust Law)

Luther Rechtsanwaltsgesellschaft mbH, Frankfurt a. M.: Ulrich Siegemund (Partner), Tilo Künstler (both Tax Law)

Inhouse: Dr Hubertus Dieckmann

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Author
Axel Braun

Axel Braun
Partner
Cologne
axel.braun@luther-lawfirm.com
+49 221 9937 25740

Philipp Dietz, LL.M. (Edinburgh)

Philipp Dietz, LL.M. (Edinburgh)
Partner
Cologne
philipp.dietz@luther-lawfirm.com
+49 221 9937 14224

Ingo Erberich

Ingo Erberich
Partner
Cologne
ingo.erberich@luther-lawfirm.com
+49 221 9937 25721

Dr Helmut Janssen, LL.M. (King's College London)

Dr Helmut Janssen, LL.M. (King's College London)
Partner
Brussels, Dusseldorf
helmut.janssen@luther-lawfirm.com
+32 2 627 7763 / +49 211 5660 18763 / +49 1520 16 18763

Michael Kunkel, LL.M.

Michael Kunkel, LL.M.
Partner
Cologne
michael.kunkel@luther-lawfirm.com
+49 221 9937 25030

Dr Eva Maria K. Rütz, LL.M.

Dr Eva Maria K. Rütz, LL.M.
Partner
Dusseldorf, Cologne
eva.ruetz@luther-lawfirm.com
+49 211 5660 27048

Ulrich Siegemund

Ulrich Siegemund
Partner
Frankfurt a.M.
ulrich.siegemund@luther-lawfirm.com
+49 69 27229 16364

Volker Steimle

Volker Steimle
Partner
Cologne
volker.steimle@luther-lawfirm.com
+49 221 9937 24820

Dr Gregor Wecker

Dr Gregor Wecker
Partner
Cologne
gregor.wecker@luther-lawfirm.com
+49 221 9937 25727

Thomas Weidlich, LL.M. (Hull)

Thomas Weidlich, LL.M. (Hull)
Partner
Cologne
thomas.weidlich@luther-lawfirm.com
+49 221 9937 16280

Katja Neumüller

Katja Neumüller
Senior Associate
Cologne
katja.neumueller@luther-lawfirm.com
+49 221 9937 25039