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South Pacific Laundry withdraws proposed acquisition of Spotless Laundries

( November 3, 2020, 22:57 GMT | Official Statement) -- MLex Summary: Private-equity owned South Pacific Laundry's plans to acquire Spotless Group's laundry business, Spotless Laundries, are no longer under review in Australia, after the country's competition watchdog said South Pacific Laundry had withdrawn its acquisition proposal. In announcing it had discontinued its informal review of the merger, the Australian Competition & Consumer Commission said its investigation had indicated that the two companies were two of the largest commercial laundry suppliers nationally and in Adelaide, Perth, Sydney and Melbourne. Statement follows below:...

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