Garrigues et Uría Menéndez have advised on the deal
Indusal Navarra specialises in linen rental and laundering, particularly in the hospitality, healthcare and industry sectors. The company operates 24 plants and has around 1,450 employees.
Indusal’s 2016 revenues will be around €90 million. According to Elis, the acquisition of Indusal will result in cost savings of €10 million per year by 2019.
Elis SA provides commercial services. The Company, led by Xavier Martire, Louis Guyot et Matthieu Lecharny, offers rental and cleaning of textile and hygiene articles such as workwear, linen, air purification products, dryers, personal protection equipment, automatic dispensers, mats, mops, beverage machines, consumables, and accessories.
Uría Menéndez advised Indusal with Manuel Echenique (Picutre), Cristina Gracia, Isabel Benjumea and Jaime Aguilera.
Garrigues advised Elis.
Law Firms: Uría Menéndez;
Clients: Indusal Navarra SA;