Profile: UniFirst Corp (UNF)
23 Aug 2019
UniFirst Corporation, incorporated on October 24, 1950, is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments. The Company operates in six segments: the US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The Company also rents and sells industrial wiping products, floor mats, facility service products and other non-garment items to a variety of manufacturers, retailers and service companies. The Company also decontaminates and cleans work clothes and other items that has been exposed to radioactive materials and service special cleanroom protective wear and facilities. Its principal services include providing customers with uniforms and other non-garment items.
The Company as a part of its rental business picks up a customer's soiled uniforms and/or other items on a periodic basis (usually weekly) and deliver back cleaned and processed replacement items. The Company offers uniforms of various styles, colors, sizes and fabrics and with personalized emblems selected by the customers. It offers its customers a range of garment service options, including full-service rental programs in, which garments are cleaned and serviced by the Company, lease programs in which garments are cleaned and maintained by individual employees and purchase programs to buy garments and related items directly.
The Company's US Rental and Cleaning and Canadian Rental, and Cleaning operating segments are combined to form the US and Canadian Rental and Cleaning segment. The US and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers and sells, uniforms and protective clothing and non-garment items in the United States and Canada. The Company's MFG operating segment designs and manufactures uniforms and non-garment items primarily for the purpose of providing these goods to the US and Canadian Rental and cleaning segment. The Specialty Garments operating segment purchases, rents, cleans, delivers and sells, specialty garments and non-garment items primarily for nuclear and cleanroom applications and provides cleanroom cleaning services at limited customer locations.
The Company's First Aid operating segment sells first aid cabinet services and other safety supplies. It maintains wholesale distribution and pill packaging operations. The Company's Corporate operating segment consists of costs associated with its distribution center, sales and marketing, information systems, engineering, materials management, manufacturing planning, finance, budgeting, human resources, other general and administrative costs and interest expense. The products sold by Corporate operating segment are the same products rented and sold by the US and Canadian Rental and Cleaning segments.
The Company competes with Cintas Corporation, Aramark Corporation and G&K Services, Inc.
68 Jonspin Rd
WILMINGTON MA 01887-1090