|Founded||1929(as Acme Industrial Laundry Company)|
|Founders||Richard (Doc) Farmer|
Number of employees
|Footnotes / references|
Cintas Corporation (//) is an American company, with headquarters in Cincinnati, Ohio, that provides a wide range of products and services that help companies keep their facilities and workspaces clean and safe. The company provides uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor's 500 Index.
Early company years
Cintas Corporation began in 1929 as the Acme Industrial Laundry Company by Richard (Doc) Farmer. He collected chemical-soaked rags from factories and washed and returned them to customers for a fee. In the early 1940s, rags were replaced by shop towels—which are uniform in size and shape and much more absorbent than old rags—and tablecloths. By then, the company’s name had changed to Acme Wiper and Industrial Laundry.
His grandson, Richard "Dick" Farmer, joined the family business in 1956 after graduating from Miami University in Oxford, Ohio. Acme had just 15 employees at the time. Dick Farmer helped uniform rental sales increase from $300,000 in 1959 to $847,000 in 1963. He became CEO of the company in 1968. He then[when?] put together a business plan to open small uniform rental plants all over the United States. The first opened in Cleveland in October 1968. In 1972, the company changed its name to Cintas and then went public in 1983.
Farmer also tried products that were new at the time, such as fabrics that resisted wrinkles and stains, to grow the company to an almost 30 percent market share in uniforms. Cintas' recent[when?] growth has been primarily through its acquisition of more than 220 companies, eliminating overheads and cutting costs. Since its inception, Cintas has bought itself into markets such as first aid and safety, fire protection, facility services, and tile and carpet cleaning.
2000s to present
UNITE HERE was the subject of a ruling that was subsequently upheld by the U.S. Court of Appeals for the Third Circuit. The court ruled that the labor union violated the privacy of thousands of Cintas employees in Pennsylvania, by illegally obtaining their license plate numbers in order to access their home addresses and other personal information.
Another investigation involved the March 2007 death of a Tulsa, Oklahoma employee. Both unions and several Members of Congress called for stricter health and safety standards at Cintas laundry facilities.
In 2015, Cintas acquired Zee Medical from McKesson Corporation for approximately $130 million.
In 2016, CEO Scott Farmer became chairman of the board.
In 2017, Cintas made their largest acquisition with G&K Services for $2.2 billion.
Cintas has been included on the Fortune 500 list three years in a row, in 2018, 2019 and 2020.
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- Sharma, Asit (December 24, 2019). "Cintas Is Making Progress in Three Vital Areas". The Motley Fool. Retrieved January 18, 2020.
- Business data for Cintas: