LG Electronics Secured Commercial Laundry Supply Deal
The partnership with CSC ServiceWorks creates a major supply channel for the firm's commercial machines.
Updated on Oct. 5, 2026 in Public Companies
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LG Electronics has finalized a supply contract with CSC ServiceWorks Inc. to provide commercial washing machines. This deal strengthens LG's position within the U.S. commercial laundry sector.
Why it matters
The agreement allows LG Electronics to scale its B2B market share while providing New York-based CSC ServiceWorks with a consistent supply chain for its massive network of managed laundry facilities.
CSC ServiceWorks currently manages 1.5 million commercial washers and dryers, a significant portion of the $1.43 billion U.S. commercial washing machine market. The broader sector is projected to grow at an average annual rate of 5.6 percent through 2029.
The players
LG Electronics
A global consumer and commercial electronics manufacturer focused on expanding its B2B hardware footprint.
CSC ServiceWorks
A New York-based provider of laundry management services for multi-family residential and commercial sites.
The details
LG Electronics will supply its commercial washing machines directly to CSC ServiceWorks, which manages shared laundry facilities and coin-operated laundromats. This partnership builds on an existing relationship between the companies that began in 2024. By integrating LG hardware into its nationwide service fleet, CSC aims to stabilize its equipment supply for managed properties.
Timeline
LG began supplying commercial washers to the operator in 2024.
The companies announced the signing of the new contract on September 30, 2026.
The U.S. commercial laundry market is currently in a projected growth period through 2029.
Market Landscape
This deal aligns with the projected 5.6 percent average annual growth rate for the U.S. commercial laundry market through 2029. It marks a strategic move to capture recurring B2B volume as the industry continues to consolidate around large-scale service providers.
Operators in the laundry sector should monitor how this supply agreement affects the availability and pricing of hardware from other major manufacturers. Competitive firms may look to secure similar long-term supply partnerships as market growth persists through 2029.
The takeaway
Large-scale supply contracts like this highlight the increasing importance of logistics and hardware security in high-volume facility management. Business owners should review their own equipment replacement cycles and supplier diversification to mitigate risks during periods of market expansion.
Further reading
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Source note: This article includes information reported by Pulse.
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