Note 16 - Subsequent Event

12 Months Ended

Aug. 27, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

16. Subsequent Event

On September 19, 2016, the Company

completed an acquisition of Arrow Uniform (“Arrow”) for approximately $122.0 million. The all-cash transaction is structured as an asset acquisition, with UniFirst acquiring substantially all of Arrow’s assets and virtually none of its liabilities. Arrow, headquartered in Taylor, Michigan, provides uniform and facility service rental programs as well as direct sale uniform programs to a wide range of large and small customers. Arrow operates from 12 locations with nearly 700 employees in five Midwestern states.