Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade SWSH now with 

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
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.