AIM-listed textile rental firm Johnson Service Group (LON:JSG) has said that its plan to increase capacity and revenue generation for its high volume linen business was proceeding well, with the £3.3 million investment in its London unit completed on time and on budget. The firm has also integrated the recently acquired South West Laundry within its Stalbridge brand and has signed a contract to develop a new laundry site in the North of England.
CEO Peter Egan commented: “We have continued to trade well during the period, demonstrating the consistency of our business model. Our strategy continues to be driving growth both organically and through acquisition. The capital investment across our estate continues with the planned building of a new laundry which will significantly increase the capacity of our high volume linen business to meet our customers’ needs and to underpin future organic growth.”
The price of shares in Johnson Service Group rose by 3.43% to 119.98p (as of 10:10 GMT).