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.
February 7, 2014 |
Aramark Holdings Corp. spent $5.2 million refining its brand and logo, and awarded $4.3 million to executives for the completion of the Philadelphia company's initial public offering in December. Those are two concrete tidbits from Aramark's quarterly earnings, released Wednesday, its first since the food- and uniform-services company listed its stock publicly for the third time. In early trading Wednesday, Aramark's shares shot as high as $29.71 from $24.99 the day before, but they settled down to close at $26.10, up $1.11 or 4.44 percent.
January 13, 2014 |
Dramatic market moves and a wave of initial stock offerings bring three new company names to the Philly50 for 2014, while three others have been edged off the list. Rising stock prices put all 50 companies on the list above $1 billion in market capitalization - at least for now. The newcomers are: Aramark Holdings Corp. , which introduced its ticker symbol, ARMK, to the New York Stock Exchange in December, when the company went public for the third time since its founding in Philadelphia in 1959.
December 14, 2013 |
NEW YORK - When Eric J. Foss, Aramark's chief executive, huddled for about 20 minutes Thursday morning with traders on the floor of the New York Stock Exchange waiting for the first trade of the Philadelphia company's new shares, that may well have been the longest break he's had in the last week and a half. Foss and other Aramark executives have been to nine cities in the last eight days, meeting with more than 200 institutional investors to drum up interest in Aramark, which was going public for the third time.