Nordic Match advised Lindström in its largest acquisition in China to date, creating the largest textile services business in China
In Oct 14, 2020, Lindström announced to acquire the Chinese operations of Cintas, the world’s biggest textile services company, headquartered in the US. Nordic Match acted as an advisor to Lindström for the post-acquisition activities in China.
The acquisition included the entire Cintas operations and personnel in China, to support the realization of Lindström´s Vision in Asia. By joining forces Lindström has become a clear market leader in workwear rental and cleanroom business in China.
Anupam Chakrabarty, Senior Vice President responsible for the Asian region and Sales and Markets in Lindström said:
“Nordic Match was one of the key advisors in the post-merger integration (PMI) process that involved integrating Cintas approximately 300 employees in China. We are very happy with the professional approach combined with a humane touch provided by the advisor leading the project.”
Daniel Polvi, Senior Advisor and Project Lead at Nordic Match said:
“It has been a pleasure to support Lindström throughout this pivotal project in the company’s business. Moreover, it has been a delight to assist an organization that truly lives its culture and values in every decision, large or small.”
About Nordic Match
Nordic Match is a boutique M&A and Strategy Advisor headquartered in Shanghai, China. Dedicated to Sino-Nordic transactions, we have a clear vision – to support aspiring corporates and investors in search for value-creating opportunities between Nordics and China.
More about Nordic Match: www.nordic-match.com