Published on 14 Mar 2024 on Zacks via Yahoo Finance
Cintas (CTAS) Boosts Product Portfolio With Paris Uniform Buyout
Cintas Corporation CTAS recently acquired Paris Uniform Services, a family-owned supplier of uniform and facility service solutions. The financial terms of the acquisition were kept under wraps.Based in PA, Paris Uniform Services was established in 1978. The company is engaged in providing uniforms, work apparel, facility services and restroom products among others. Paris Uniform also operates in NY, MD and WV.
Acquisition Rationale
The latest buyout is in sync with Cintas’ policy of acquiring businesses to strengthen its business and product portfolio. The inclusion of Paris Uniform’s solid portfolio of apparel and other products, supported by its strong customer service capabilities, will enable Cintas to expand its offerings. The transaction will enhance the company’s service delivery capacity.