logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ride-sharing service Uber Technologies Inc. is facing a lawsuit filed by the National Federation of the Blind of California alleging discrimination of blind people. According to the lawsuit, Uber drivers' discriminate blind persons by refusing to transport their guide dogs along with them. The lawsuit... Video game publisher Activision Blizzard has officially unveiled Call of Duty: Black Ops III, after some teases and a trailer as well. The game will be shipped starting November 6, and will be available on Xbox One, PS4, and PC. If calories are not reduced, exercise alone can have no effect on obesity, says British Sports Medicine, a peer-reviewed journal of sport and exercise medicine. The journal says the blame for expanding waist lines is directly on the type and amount of calories consumed and the poor diet generates more disease than physical inactivity, alcohol and smoking combined.
comments powered by Disqus
Follow RTT