Alliance Laundry Systems
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Alliance Laundry Systems
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| Type | Private |
|---|---|
| Industry | Self-service laundry |
| Founded | 1908 |
| Headquarters | Ripon, Wisconsin, United States |
| Products | Speed Queen Cissell Huebsch IPSO UniMac |
| Revenue |  $393.2 million (2009)[1] |
| Net income | $16.6 million (2009)[1] |
| Employees | 1,488 (2010)[1] |
| Website | www.comlaundry.com |
Alliance Laundry Systems is a leading provider of laundry systems to the commercial market. The company designs, manufactures, and markets a line of commercial laundry equipment in over 100 countries and is the largest manufacturer is the world. Among the company’s products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences.
Alliance Laundry Systems manufactures products under the brands Speed Queen, Cissell, Huebsch, IPSO, and UniMac.
The company was founded in 1908 and is based in Ripon, Wisconsin. The company had 1,533 employees globally as of early 2012.[1]
History
The company began in the early 20th century with the introduction of a hand-operated washer to the marketplace. Industry leading features were introduced under the Speed Queen brand with the introduction of stainless steel wash tubs in 1938 and automatic washers and dryers in 1952.
Alliance was acquired by Raytheon Corporation in 1979. In February 1998, private equity firm Bain Capital agreed to acquire the commercial laundry business from Raytheon for $358 million.[2]
In January 2005, Teachers' Private Capital, the private equity affiliate of the Ontario Teachers' Pension Plan acquired the majority of the equity interests of Alliance Laundry.
References
- ^ a b c d Alliance Laundry Systems 2009 10-K Annual Report. Securities and Exchange Commission, March 2010
- ^ Raytheon in $358 million Deal to Sell Laundry Business. New York Times, February 24, 1998
External links
- Alliance Laundry Systems (company website)
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