December 5, 2014 |
On the heels of the announcement that Joseph Neubauer will step down as chairman of Aramark Corp. in February, the Philadelphia company said Wednesday that existing shareholders intended to sell 22.5 million shares. The sellers are private equity firms that took Aramark private in 2007 and public again - for the third time in its history - one year ago, and still own 60 percent of the $15 billion food-services giant. The Securities and Exchange Commission filing did not say if Neubauer, who joined Aramark in 1979 and became chief executive in 1983, would sell any of his shares.
December 4, 2014 |
When he came to America, alone, on a ship, as a boy of 14, Joseph Neubauer knew only the English he'd learned from watching John Wayne movies. He could say "Yep" and "Pardner" and "Yes, ma'am. " His American aunt and uncle gave him a job in their garden shop, where this son of Israel earned his keep selling lawn ornaments of the Virgin Mary. From that beginning, Neubauer rose to shape and run Aramark, the $15 billion, worldwide hospitality company based in Philadelphia. And on Tuesday evening, in a quiet announcement made after the stock market closed, he called it a career, saying he would step down after 30 years as chairman with plans to devote more time to the philanthropy that has improved cities, colleges, and lives from Philadelphia to Chicago.
November 4, 2014 |
This year's World Series was a real nail-biter, with the Kansas City Royals losing a dramatic Game 7 to San Francisco. But for Eric Foss, 56, chief executive of Aramark Corp., the real baseball triumph happened Sept. 16, when the Royals' top minor-league franchise, the Omaha Storm Chasers, won the Class AAA title. Foss is a part-owner of the Storm Chasers. "Obviously I'm a big sports fan," Foss said in Aramark's box at Lincoln Financial Field, where the food service giant handles catering.
September 14, 2014 |
CCMP Capital Advisors L.L.C., of New York City, said it had agreed to buy 47 percent of Malvern-based chemical maker PQ Corp. for an undisclosed payment. The deal leaves 53 percent of PQ still owned by the buyout giant Carlyle Group, PQ management, and chemical maker Ineos. CCMP helped fund an earlier management-led buyout of PQ, the onetime Philadelphia Quartz Corp., in 2005, and has since weighed various asset sales and other schemes to wring profit from the company's performance chemicals, catalysts, and glass-bead businesses and its energy, automotive, and industrial customers.
August 21, 2014
WITH ALL the tempting choices out there, most, if not all of us, struggle with cooking at home. Home-cooked meals from scratch are likely more nutritious and better for overall health. But these days, with our mainly sedentary, round-the-clock lifestyles, it is increasingly difficult for people to carve out the time to plan, shop and prepare nutritious meals at home. Budgeting, planning, shopping and preparing healthy meals can be particularly challenging when resources are slim and money is tight.
August 1, 2014 |
When Gigi was 5, her mother, Sarah Eisenstein, was getting worried. A big child - born at 10 pounds, 13 ounces - Gigi was gaining weight, as the family dined on hot dogs and ate chips as a snack. Now, Eisenstein cooks eggplant and zucchini fries for Gigi and sister Isabella. Their mother learned these skills at Cooking with Friends, a Children's Hospital of Philadelphia program. Gigi, 8, tall for her age, is at a healthy weight. The program that helped Eisenstein will expand into a community-based study, thanks to a new partnership between Children's and the food service company Aramark, announced Wednesday at the Enterprise Center in West Philadelphia.
May 6, 2014
Ellen Bailey , a partner in the Philadelphia office of law firm Eckert Seamans Cherin & Mellott L.L.C., has been appointed to the board of directors of the Richard Stockton College Foundation . Moore College of Art and Design has elected Meg Johnson and Janie Gross to its board of trustees. Johnson is a former advertising and communications writer; Gross is an artist, author, designer and photographer. Lourdes Health System , Camden, has appointed Kathleen Stone to its Health Foundation Board.
April 7, 2014 |
Change is good (sometimes). Change is inevitable. Change comes to Philly50. The first quarter of 2014 is history, so it's time to review changes or possible changes to the only list that matters. Three Philadelphia-area companies with high market capitalizations that were on the list Jan. 5, the first Sunday of 2014, were gone from the list on Sunday, March 30. Three companies took their place. One company on the list for several years might soon exit. The Philly50 committee will meet soon at an undisclosed location to mull the issues.
March 28, 2014 |
Food lineup at the ballpark They say 2014 will be a rebuilding year for the Phillies. Same for Aramark, which handles the food at Citizens Bank Park. For its 11th season at the ballpark, Aramark rebuilt many kitchens. The new equipment will allow for new food options and perhaps add speed. At least part of the new lineup will be served Thursday. And it's smokin'. Kevin Tedesco, Aramark's general manager, and Jeremy Campbell, its director of concessions, seem pumped about the pastrami that's brined and smoked in-house, as well as the house-braised and -smoked brisket.
February 13, 2014
J IM WASSERSON, 55, of Washington Crossing, Bucks County, is CEO and president of Clean Rental, on American Street near Cayuga in Feltonville. Founded by Wasserson's grandfather in 1918, it originally supplied coveralls to factory workers. Today it's a leading independent uniform- rental company, with more than 100,000 of its uniforms worn daily. Q: What's the biz do? A: We clean and rent uniforms for almost every industry. Our trucks pick up and deliver once a week. We deliver clean uniforms and bring back soiled uniforms and clean them.