Lindström Group, Helsinki, a multinational provider of linen, uniform and facility services, recently announced that it has acquired all of Cintas’ operations and personnel in China.
The new entity will be the market leader in workwear rental and cleanroom business in China’s fast-growing market. The acquisition also will increase Lindström’s geographical reach in the area and expand its service portfolio to new service lines, according to a news release.
“Our focus in the Asian market is higher than ever before,” said Juha Laurio, CEO of Lindström Group. “We have been gradually expanding our market share since establishing our first operations in China in 2006, and our aim is to be the leader of offering sustainable rental textiles to our customers in Asia. The new entity will double our size and make us a more prominent player in one of our core markets.”
Cintas is the world’s largest company in the linen, uniform and facility services market with global annual revenue of more than $7 billion. The company’s three service centers in Suzhou, Tianjin and Guangzhou serve nearly 560 customers in workwear, mats and cleanroom services. Cintas has a workforce of approximately 300 employees in China who will be integrated within the Lindström business.
Lindström’s current operations in China employ nearly 250 people in five locations (Suzhou, Chengdu, Guangzhou, Beijing and Shanghai). The company has been operating in the market since 2006 and it serves nearly 500 customers in workwear and cleanroom services.
The integration will start immediately and is expected to be finalized during the first half of 2021. The new entity will utilize and benefit from best practices and competencies from both companies, and Lindström looks forward to working with the Cintas’ China management team and employees on the creation and implementation of a joint vision, the release noted.
“With this deal, two of the biggest players in the market are coming together,” said Anupam Chakrabarty, senior vice president responsible for the Asian region and sales and markets at Lindström. “The strategic fit in terms of locations, service offerings and synergy potential are excellent. By combining our expertise, our customers will get even more innovative and sustainable solutions in rental textiles to support them in operating the best possible way every day.”
Johan Wijkmark agrees. “As a Swedish company, Hultafors Group appreciates functional design, clever technical solutions and products that last. That’s what makes CLC such a great fit. They bring decades of experience and an original and creative spirit that’s a perfect complement to our brands. We anticipate a successful launch throughout Europe, with additional exciting products coming in the future.”
For more information, click here