Christeyns takes over Alex Reid
Ghent – 6 December 2012 – International detergents & chemicals group Christeyns has acquired 100% of the shares of the British company Alex Reid.
Alex Reid, part of the Johnson Service Group, is a supplier of chemicals, consumables and machines to the dry cleaning sector, with key customers such as Johnson Cleaners and Morrisons. The take-over also includes all Intellectual Property associated with Alex Reid from Johnson Service Group. With its 70 employees and its two branches in Leicester and Croydon, Alex Reid is active nationwide, and recorded a turnover of about €15M.
The decision by Christeyns to acquire Alex Reid was based on our desire to strengthen our position further in the textile care sector. Christeyns has built a very strong reputation over many years for high quality products and services in the commercial laundry and OPL sectors.
Alex Reid equally developed a strong brand and leading position within the UK dry cleaning sector and, supported by Christeyns, will continue to consolidate this position even further.