EDMONTON, AB, June 21, 2024 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") (TSX: KBL) today announced that it has successfully completed its acquisition of Buanderie C.M. Inc. ("C.M.") for an enterprise value of $12 million, on a cash-free, debt-free basis. The transaction includes the real estate for C.M.'s processing and storage facilities located in North Montréal. The acquisition is being funded entirely from K-Bro's syndicated revolving credit facility and, after synergies, is expected to be accretive to the Corporation.
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