Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Cintas buys G&K * Cintas Corp., which provides uniforms and related services to a variety of industries, said it would buy smaller rival G&K Services Inc. for about $2.2 billion, including debt, to strengthen its presence in North America.

Cincinnati-based Cintas said the combined company will provide more than 1 million business customers with uniforms, floor care, restroom supplies, first aid and safety products, as well as safety and compliance training.

The company said the deal will give it access to additional processing capacity and increase its route density, which in turn will improve service and significantly lower costs.

Minnesota-based G&K serves more than 170,000 customers in the health care, transportation and manufacturing industries in about 165 locations in the United States and Canada.

Univision buys Gawker * Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan invasion-of-privacy case.

Univision is paying $135 million for the online gossip and news publisher, according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced.

Expanding from its Spanish-language base, Univision has been investing in media properties aimed at young people, including taking a stake in satirical website The Onion in January. In April, it said it was taking full control of Fusion, a TV channel and website aimed at English-speaking young people it had launched with ABC in 2013.

Univision outbid Ziff Davis, the owner of tech and gaming sites, in the auction for Gawker Media. They were the only two bidders, according to a person familiar with the bankruptcy auction. A judge must still approve the sale at a hearing Thursday.

Consumer prices unchanged * U. …

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