honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Updated at 9:45 a.m., Thursday, September 4, 2008

U.S. Dry Cleaning Corp. buys Indiana chain

Advertiser Staff

U.S. Dry Cleaning Corp., which owns Caesers Cleaners and Young Laundry and Dry Cleaning in Hawai'i, announced today that is acquiring a major dry cleaning chain in Indiana.

California-based U.S. Dry Cleaning said it is buying 25 of the Tuchman Cleaners stores in Indianapolis and surrounding areas. The stores, which dominate the Indianapolis market, are owned by National Dry Cleaners of Phoenix and are being purchased in an all-cash transaction, U.S. Dry Cleaning said in a news release. The company said further details will be announced when the transaction is completed at the end of September.

The combined revenue of the stores that U.S. Dry Cleaning is acquiring is in excess of $7 million annually, according to the news release.

U.S. Dry Cleaning completed its acquisition of Caesars in June. It has owned Young Laundry and Dry Cleaning in 2005.