Mac-Gray Corporation - TUC- Profile

Mac-Gray Corporation. The Group's principal activity is to provide card and coin-operated laundry services to multiple housing facilities such as apartment buildings, colleges and universities and public housing complexes. It operates in two business segments: Facilities management and Product sales. Facilities management segment operates laundry rooms, under long-term leases and also provides card and coin-operated Reprographics equipment. The Product sales segment offers sale and rental of a family of patented combination refrigerator, freezer, microwave ovens to colleges, universities, military bases, hotels and motel market. The Group owns and operates card and coin-operated washers. Facilities management accounted for 83% of 2007 revenues and Product sales, 17%