Alliance Laundry to acquire Laundry Systems Group's Commercial Laundry Division.Alliance Laundry Systems LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Ripon, Wis., signed a purchase agreement to acquire all of Laundry System Group NV's (LSG LSG Logistic(s) Support Group LSG Lufthansa Service GMBH LSG Little School Girl LSG Life Sciences Glovebox LSG Lunar Surface Gravimeter LSG Lump Sum Grant LSG Local Street Gazetteer LSG Levert Sweat and Gill ) Commercial Laundry Division for approximately 59 million euros (almost $76 million). Alliance Laundry is an indirect subsidiary of ALH ALH Advanced Light Helicopter ALH Amplitude of Lateral Head (Displacement) ALH Alpha Hospitality Corporation (former stock symbol; now ALHY) ALH Advanced Liquid Hydrogen Holding Inc., a Teachers' Private Capital portfolio company. LSG's Commercial Laundry Division (CLD CLD Called CLD Cloud CLD Cleared CLD Chronic Lung Disease CLD Council for Learning Disabilities CLD Cooled CLD Chronic Liver Disease CLD Clear Direction Flag CLD Certified LabVIEW Developer CLD Causal Loop Diagram ) is headquartered in Wevelgem, Belgium. CLD markets commercial washer-extractors, tumbler dryers and ironers worldwide under the Ipso and Cissell brand names. CLD has manufacturing facilities and sales offices in the United States and Belgium. Tom L'Esperance, Alliance Laundry's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "The addition of the Ipso and Cissell brands and CLD's soft-mount washer-extractor product line strengthens our ability to participate in the global laundry market place." Completion of the transaction, which is expected to close in the third quarter of 2006, is subject to further due diligence and customary closing conditions. |
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