Johnson Services Group sells dry cleaning company Alex Reid

Textile services and facilities management provider Johnson Service Group has sold its shares in dry cleaning subsidiary Alex Reid for a cash consideration of 2.1m pounds.

Textile services and facilities management provider Johnson Service Group has sold its shares in dry cleaning subsidiary Alex Reid for a cash consideration of 2.1m pounds.

The proceeds from the sale of shares, which were sold to detergent supplier Christeyns UK on a debt-free basis, will be used to reduce the company's debt.

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