CINCINNATI, July 1, 2019 /PRNewswire/ -- Roto-Rooter
Services Company, a wholly owned subsidiary of Chemed Corporation
("Chemed") (NYSE: CHE) announced it has acquired the formerly
independent Roto-Rooter franchise serving Alameda County and portions of southwestern
San Joaquin County, California.
The service area includes the cities of Oakland, Berkeley, Hayward, Fremont, Livermore, Pleasanton and Tracy, California.
The newly acquired territory has annual sales of $11 million and serves a population of
approximately 1.7 million people. This acquisition follows the
company's October 2018 purchase of
five neighboring Northern
California franchise territories. The Oakland franchise purchase was effective
July 1, 2019. Terms of the deal were
not disclosed. This transaction is part of Roto-Rooter's ongoing
strategy of acquiring franchises to boost productivity, market
share and profitability.
Roto-Rooter was established in 1935 and is the largest provider
of plumbing repair and sewer & drain cleaning services in
North America. Roto-Rooter also
provides water damage cleanup services in most of its company-owned
locations. It operates businesses in 118 company-owned territories
and approximately 400 franchises, serving approximately 91 percent
of the U.S. population and 40% of the Canadian population.
Roto-Rooter also has licensed master franchises in the republics of
Indonesia and Singapore, and the
Philippines. For more information about Roto-Rooter, please
visit www.rotorooter.com
Listed on the New York Stock Exchange and headquartered in
Cincinnati, Ohio, Chemed
Corporation (www.chemed.com) operates two wholly owned
subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the
nation's largest provider of end-of-life hospice care and
Roto-Rooter is the nation's leading provider of plumbing repair and
drain cleaning services.
CONTACT:
Paul Abrams
Public
Relations Director, Roto-Rooter Services
Company
513-762-6434
Paul.Abrams@rrsc.com
View original
content:http://www.prnewswire.com/news-releases/roto-rooter-buys-oakland-california-franchise-300878678.html
SOURCE Roto-Rooter