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Shredding Services from Cintas & OfficeMax

Zacks Equity Research

Business Services provider Cintas Corporation (CTAS) recently collaborated with OfficeMax, provider of products, solutions and services for the workplace, to provide customers with convenient and cost-effective shredding services. The services are claimed to protect consumers from identity theft and are priced at 49 cents per pound in honor of National Protect Your Identity Week Oct. 20 – 26.

Cintas offers a comprehensive suite of shredding solutions and is ideal for organizations that are looking for better document management. The customers can bring their confidential documents to any OfficeMax location and these documents will be placed in a locked secure collection bin for off-site destruction. The documents are transported to access-controlled shredding facilities in secure vehicles and the documents remain under constant watch until they are destroyed.  

OfficeMax, provider of products, solutions and services for the workplace, protects the privacy of millions of consumers by ensuring that their private information is securely destroyed. The customers can now have their financial documents, tax forms and other confidential materials destroyed at any OfficeMax retail location.

Headquartered in Cincinnati, Cintas provides specialized services to diversified businesses in North America. The company designs, manufactures, implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products and first aid and safety products for diversified businesses.

The company has expanded its customer base through geographic expansion, particularly in emerging businesses of first aid and safety, fire protection and document management, in addition to strategic acquisitions. In the last reported quarter, revenues for Document Management Services segment increased 10.3% year over year.

Cintas currently has a Zacks Rank #2 (Buy). Other stocks that look promising in the industry and are worth a look now include Huron Consulting Group Inc. (HURN), The Hackett Group, Inc  (HCKT) and NV5 Holdings, Inc (NVEE), each carrying a Zacks Rank #2 (Buy).

Read the Full Research Report on CTAS
Read the Full Research Report on HURN
Read the Full Research Report on HCKT
Read the Full Research Report on NVEE

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