Angelica announces status of independent special committee deliberations
01 Feb '06
3 min read
As evidence of its commitment to entertain input from shareholders, Angelica formally offered to have Steel Partners provide it with a set of recommendations on the strategic and operational aspects of the business and the tangible steps it feels will help accelerate the company's progress. Angelica committed to a timely review of and response to those recommendations.
Kruszewski further added, "Although we are highly confident in the strategic direction of the company, it is only prudent to listen to the ideas of those who have invested significantly in the business and we look forward to the opportunity to review and respond to those recommendations."
Angelica's long-term strategy is to be the leading provider of linen management services to the US healthcare market by providing unsurpassed customer services at a good value. Having just completed a structural and cultural reorganization of the company to a customer-centric versus operations-centric business model, Angelica is focused on establishing itself as the clear category leader and delivering long term value to its shareholders.
Angelica Corporation is a leading provider of textile rental and linen management services to the US healthcare market.
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