Cintas - History

History

Previously headquartered in Cincinnati, Ohio, 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 for a fee. His grandson Richard T. Farmer joined the family business in 1956 after graduating from Miami University in Oxford, Ohio. Richard saw the growth in uniform rentals and helped sales increase from $300,000 in 1959 to $847,000 in 1963. The name was changed to Cintas in 1972.

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% market share in uniforms. Cintas' recent growth has been primarily through its acquisition of more than 220 companies, eliminating overheads and cutting costs. Today, Cintas has bought itself into markets such as First Aid and Safety, Document Management, Fire Protection, Facility Services, and now Tile and Carpet Cleaning.

Read more about this topic:  Cintas

Famous quotes containing the word history:

    If you look at the 150 years of modern China’s history since the Opium Wars, then you can’t avoid the conclusion that the last 15 years are the best 15 years in China’s modern history.
    J. Stapleton Roy (b. 1935)

    Well, for us, in history where goodness is a rare pearl, he who was good almost takes precedence over he who was great.
    Victor Hugo (1802–1885)

    What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.
    Boris Pasternak (1890–1960)