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.
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.
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
+49 221 9937 25740
Philipp Dietz, LL.M. (Edinburgh)
+49 221 9937 14224
+49 221 9937 25721
Dr Helmut Janssen, LL.M. (King's College London)
+32 2 627 7763 / +49 211 5660 18763 / +49 1520 16 18763
Michael Kunkel, LL.M.
+49 221 9937 25030
Dr Eva Maria K. Rütz, LL.M.
+49 211 5660 27048
+49 69 27229 16364
+49 221 9937 24820
Dr Gregor Wecker
+49 221 9937 25727
Thomas Weidlich, LL.M. (Hull)
+49 221 9937 16280
+49 221 9937 25039