South Pacific Laundry withdraws bid for Spotless Laundries

SPL withdraws request for merger clearance of proposed acquisition.

South Pacific Laundry (SPL) has withdrawn its request for merger clearance of its proposed acquisition of Spotless Laundries after it decided not to proceed with the transaction.

Spotless Laundries is part of Spotless Group Holdings Limited which is wholly-owned by Downer EDI Limited.

Spotless Laundries and SPL both offer commercial laundry services in multiple cities and regions across Australia.

The ACCC began its informal merger review in May 2020 and expressed preliminary concerns about the transaction in August 2020.

The ACCC’s investigation indicated that Spotless Laundries and SPL were two of the largest commercial laundry suppliers nationally and in Adelaide, Perth, Sydney and Melbourne.

Last month Alsco withdrew its request for informal merger clearance by the ACCC of its proposed acquisition of Spotless Laundries’ garment laundering business, Spotless Garments.

Spotless Garments is part of Spotless Group Holdings Limited which is wholly-owned by Downer EDI Limited. Alsco is owned by Alsco Inc., a company based in the United States.

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