Swisher Hygiene Inc. (SWSH, 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
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