November 28, 1995 |
A global giant that dishes out food and drink to Olympics athletes, sports fans and schoolchildren will likely add the Chester County Prison to its client roster. The Chester County Commissioners today are expected to award a $795,101 food service contract for the prison to Aramark, the low bidder for a job that has been done by county employees. County Government Services Director Wayne Rothermel said the county can expect $132,000 in savings next year by contracting out the service, primarily due to the economies of scale a company as large as Aramark can offer.
November 8, 1997 |
Aramark Corp. yesterday said it would buy back its outstanding stock and become fully owned by company managers. The Philadelphia food-service company has been privately controlled since 1984, but about 20 percent of its shares are held by outside institutions and individuals. Aramark said it will spend $440 million to repurchase those shares and about 30 percent of the company stock owned by its employee benefits plans. None of the outstanding shares are traded on a public stock exchange.
January 26, 2010 |
They scrubbed. They sanitized. They apologized. They trapped mice by the dozens. And still it wasn't enough. Yesterday, the Philadelphia-based firm that operates the Capitol cafeteria faced a panel of state lawmakers, many of whom were still steaming over unsanitary conditions that led to a three-week closing of the eatery. Some members of the House state government and agriculture committees accused Aramark - one of the largest food-service providers in the nation - of "betraying the public's trust" for allowing conditions in the restaurant to deteriorate to the point where it was ordered closed while problems were cleaned up. "I feel as if a disgusting joke was played on me and the people I represent," said Rep. Karen Boback (R., Columbia)
October 5, 2001 |
Aramark Corp. said yesterday it had signed an agreement to acquire ServiceMaster Co.'s facility-services business for $800 million. Aramark, which provides food, child-care and laundry services worldwide, employs 6,000 people at its headquarters on Market Street in Philadelphia. The privately held company reported sales of $7.3 billion and net income of $168 million for fiscal 2000. It employs 185,000 people worldwide. ServiceMaster's Management Services group, based in Downers Grove, Ill., serves institutional health-care, education and business sectors and has 18,000 employees.
July 26, 1994 |
It's bigger than ballpark hot dogs, bigger than college cafeterias, bigger even than feeding 10,000 Olympic athletes: ARA Services wants to be the world's full-line service company. With a name change to Aramark, a new logo and an international advertising campaign - all to hit in October - the Philadelphia firm will sell itself around the world as a one-stop source for uniform rental, housekeeping services, child care, magazine and newspaper distribution, even emergency-room staffing for hospitals.
August 12, 2004 |
Saying it did not see a broad slowdown in the economy, Aramark Corp. reported yesterday that third-quarter revenue rose 11 percent but profit was squeezed by unexpected costs. The Center City food and facilities-management company said it had unanticipated costs in several large contracts to provide services to health-care institutions. Aramark's operating margin - operating income divided by revenue - fell to 5.1 percent in the quarter from 5.5 percent in the same quarter last year.
May 13, 2004 |
An improving economy and stronger core operations led to higher sales and earnings at Aramark Corp., one of the region's larger employers, in the second quarter. Sales rose 12 percent to $2.5 billion as the company, based in Center City, saw higher revenue in its food-service operations in the United States, its largest division; food operations overseas; and uniform rental. In its food-service operations, Aramark employees cook and serve meals at sports stadiums, schools, hospitals, prisons and other venues.
December 21, 2006 |
Aramark Corp., the largest U.S.-based food-service company, will be taken private after shareholders overwhelmingly approved a $6.3 billion buyout bid yesterday. It marked the second time that a group of investors led by chairman and chief executive officer Joseph Neubauer moved to take Aramark off the stock market. The first time, in 1984, was to thwart a "hostile takeover attempt that could have been the end of the company," Neubauer said at a meeting of shareholders at the Center City Marriott Hotel yesterday.
December 12, 2001 |
Aramark Corp., the Philadelphia-based purveyor of work clothes, day care and stadium food, rejoined the New York Stock Exchange yesterday after a 17-year absence. Aramark's high-rise Market Street headquarters, topped by its "star-man" logo, is a familiar fixture on the Center City skyline. But its corporate staff totals only 115, and most of the company's 200,000 employees labor elsewhere - in more than 600 Children's World day-care centers, 350 college cafeterias, 165 public-arena food concessions, 200 laundry plants and depots, and clothing factories in low-wage Puerto Rico and Mexico, among other sites.
October 29, 2003 |
William Leonard, 55, was named chief executive yesterday of Aramark Corp., the Philadelphia-based global food and facilities-management firm where he has worked for 21 years. When he takes over in January, he will become only the fourth CEO in the company's 44 years, succeeding Joseph Neubauer, 62, who has held the office since 1984. There will not be a lot of changes, Leonard said. "Joe and I think alike at work. . . . After work, we're as different as night and day. . . . He's symphony and opera.