EVI Industries To Acquire Aldrich Clean-Tech Equipment Corp.; Terms Not Disclosed

EVI Industries, Inc. (NYSE:EVI) announced today that it executed a definitive agreement to acquire Aldrich Clean-Tech Equipment Corp. (“Aldrich”), a Massachusetts based distributor of commercial laundry products and a provider of related installation and maintenance services to commercial laundry customers. This acquisition expands EVI’s sales and service presence with the addition of eight (8) highly trained and specialized commercial laundry technicians and support staff that will enhance EVI’s capabilities to its growing customer base across the northeast region of the United States. The transaction is expected to close in the next thirty (30) days or upon the satisfaction of all customary closing conditions.