Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Swisher Hygiene Buys Certain Assets Of Nevada-based Cactus Mats - Quick Facts

3/1/2012 9:11 AM ET

Swisher Hygiene Inc. (SWSH: Quote, SWI.TO), a provider of hygiene and sanitation products and services, said Thursday it purchased certain assets of Nevada-based CMI LV, Inc., d/b/a Cactus Mats, marking the company's second acquisiton in a year of a linen services company.

Total consideration comprises cash and the issuance of a convertible promissory note that may be converted into a maximum of 71,429 shares of Swisher Hygiene common stock subject to certain restrictions, including acceptance by the Toronto Stock Exchange.

Cactus Mats provides linen and facilities rental services mainly to foodservice and retail customers in the greater Las Vegas market.

On February 27, Swisher Hygiene purchased assets and business of Savoy Linen Services, Inc., a Connecticut-based linen services company.

Click here to receive FREE breaking news email alerts for Swisher Hygiene, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.