Cintas Corporation ( ) is an American company with headquarters in Cincinnati, Ohio, providing business-specific services, especially in North America. The company designs, manufactures and implements a corporate identity uniform program and provides entrance mats, small room cleaners and supplies, tiles and carpet cleaners, promotional products, first aid, safety, and fire protection products and services. Cintas is a public company traded on Nasdaq Global Select Market with a CTAS symbol and is a component of Standard & amp; Poor's 500 Index.
The company is one of the largest in the industry with 35,000 employees by 2017. Revenue in fiscal year 2016 was $ 4.905 billion and net income was $ 693.52 million. Fortune in the United States, named Cintas among "Most Admired Companies" for eight consecutive years, and Report on Business Magazine named the company one of Canada's Best Entrepreneurs.
Cintas has been featured on the episodes of the reality television series Bar Rescue and Hotel Impossible .
Video Cintas
Histori
Cintas Corporation started in 1929 as Acme Industrial Laundry Company by Richard (Doc) Farmer. He collects a soaked wet cloth from the factories and washes and returns it to customers for a fee. In the early 1940s, the fabric was replaced with a store towel - which was uniform in size and shape and much more absorbent than the old cloth - and tablecloth. At that time, the company's name has been changed to Acme Wiper and Laundry Industry.
His grandson, Richard T. (Dick) Farmer, joined the family business in 1956 after graduating from Miami University in Oxford, Ohio. Acme only has 15 employees at that time. Dick Farmer helped the uniform rental sale increase from $ 300,000 in 1959 to $ 847,000 in 1963. He then drew up a business plan to open a small uniform rental factory across the United States. The first opened in Cleveland in October 1968. In 1972, the company changed its name to Cintas and then became public in 1983.
Farmers also tried new products at the time, such as cloth that resisted wrinkles and smudges, to grow the company to almost 30 percent of the market share in uniform. Cintas's recent growth is mainly through the acquisition of over 220 companies, eliminating overhead and cutting costs. Since its inception, Cintas has bought itself into markets such as first aid and safety, fire protection, service facilities, and cleaning of tiles and carpets.
The company is worth US $ 12.97 billion (2017).
Maps Cintas
Criticism
In 2003, UNITE HERE and the International Brotherhood of the Teamsters have been involved in a campaign against Cintas, accusing unfair work practices. Unite earned the Cintas worker license number in Pennsylvania, to contact them at home and has since been ordered to pay the $ 2,500 worker each. The decision was later endorsed by the US Court of Appeals for the Third Circuit. Following the deaths of Tulsa, Oklahoma, workers in March 2007, unions and several Congressmen called for tighter health and safety standards in corporate laundry. In May 2007, Cintas hired Washington's lobbying firm, D.C., Podesta Group, to manage their relationship with Congress.
References
External links
- Company Cintas Website
Source of the article : Wikipedia
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