Cintas Announces Strategic Alliance - Analyst Blog
May 24 2011 - 2:40PM
Zacks
Cintas Corporation (CTAS) recently announced a
strategic alliance with Diversey Inc., a leading global provider of
commercial cleaning, sanitation and hygiene solutions; to deliver
custom cleaning and hygiene products and services to foodservice
operators.
Under the terms of the agreement, Cintas will provide a custom
collection of Diversey`s floor cleaners, surface cleaners and
mechanical ware washing products to its customers through Signet
Cleaning Chemical Service, the new foodservice offering.
Signet combines a portfolio of industry-leading green chemicals
with the excellent service of Cintas to provide customers fully
integrated management of their cleaning and hygiene needs.
These services will be offered through more than 6,000 Cintas
service representatives throughout the country who will monitor
inventory and chemical levels during their scheduled customer
visits. Besides, the Cintas customers will have an access to a wide
variety of ready-to-use products used widely in kitchen
applications.
The restaurant patrons to whom health and hygiene matter a great
deal would always prefer cleanliness and sanitation to customer
services when it comes to their dining experience. Thus, the new
alliance allows owners and operators to access products and
services that will enable them to maintain very high standards of
cleanliness and always have their customers returning.
Benefits of Signet
The new offering will benefit customers in many ways; some of
them include, customers having an access to proven and trusted
cleaning, sanitation and hygiene, along with superior performance;
a leading chemical management service with an easy-to-use dosing
and dispensing solution.
In addition, Signet will also provide customized service to the
customers, for instance, a customer requiring a specific cleaning
or sanitizing application can identify products in Diversey`s
portfolio answering to his requirements with the help of
Cintas.
Cincinnati, Ohio-based Cintas Corporation designs, manufactures
and implements corporate identity uniform programs, and provides
entrance mats, restroom supplies, promotional products, and first
aid and safety products for approximately 800,000 businesses.
Cintas competes with G&K Services Inc.
(GKSR) and privately held Alsco Inc. and ARAMARK Corporation.
Cintas currently retains a Zacks #2 Rank (short-term Buy
rating).
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