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Labor Ready takes PlaneTechs under its wing

December 06 2007
Labor Ready Inc. (NYSE: LRW) said today it acquired aircraft maintenance staffing provider PlaneTechs LLC, of Chicago, for $50 million in cash. It said the company will add $70 million in revenue for 2008. PlaneTechs President Ian Rollo will continue to lead its operations.

"The acquisition of PlaneTechs continues our diversification strategy within blue-collar staffing and adds a new element of growth and specialization to our skilled trades services," said CEO Steve Cooper. "PlaneTechs delivers an innovative approach to the flexible workforce requirements of the aviation industry, and we believe the demand for skilled technicians and mechanics will continue to grow."

Labor Ready is also continuing with plans to change its name to TrueBlue, effective Dec. 18.

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