Cintas
Cintas Corporation (/ˈsɪntɑːz/) is an American corporation headquartered in Mason, Ohio which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses.[10] 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.
For the Cintas Foundation, which supports artists of Cuban descent, see Oscar B. Cintas.Company type
- Nasdaq: CTAS
- NASDAQ-100 component
- S&P 500 component
1929 (as Acme Industrial Laundry Company)
Richard (Doc) Farmer
US$1.16 billion (2020)[4]- US$701.36 million (2015)
- US$876 million (2020)[4]
- US$430.62 million (2015)
- US$7.67 billion (2020)[5]
- US$4.192 billion (2015)
- US$3.24 billion (2020)
- US$1.932 billion (2015)
Scott D. Farmer (13.9%)[6]
44,500[7] (2023)
History[edit]
Early company years[edit]
Cintas Corporation began in 1929 as the Acme Industrial Laundry Company by Richard (Doc) Farmer and Amelia Farmer.[11] They collected old, used rags from factories, laundered them, and sold them back to businesses. In the early 1940s, Doc's son Hershell, took over and replaced the old rags with shop towels, becoming a service company. By then, the company's name had changed to Acme Wiper and Industrial Laundry.[12]
Hershell's son, Richard "Dick" Farmer, joined the family business in 1957 after graduating from Miami University in Oxford, Ohio. Acme had just 12 employees at the time. In 1959, Hershell handed the business over to Dick, allowing him to expand into uniform rental. The company became Acme Uniform and Towel Supply in 1964. Dick worked with Celanese Corporation, Graniteville, and Redkap to develop a 65/35 Polycotton fabric blend. In 1968, Dick Farmer founded the Satellite Corporation. He opened the first location in Cleveland and the companies merged in 1970.[12] In 1972, the company changed its name to Cintas and then went public in 1983.[13]
Products and services[edit]
The company offers uniforms for rental and direct purchase, restroom and chemical supplies, mats, microfiber towels, mops, disinfectant sprays, and hand sanitizer. The company also sells first aid supplies, personal protection equipment (PPE), AEDs, training and compliance courses, eyewash stations, and water coolers to businesses. Cintas also repairs fire extinguishers. Part of Cintas' response to the COVID-19 pandemic has involved an increase in cleaning products and services, hand sanitizer, and personal-protective equipment and services.[31]