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Aramark

BUSINESS
September 20, 2011 | By Joseph N. DiStefano, Inquirer Staff Writer
Employers who legally import 66,000 low-wage foreign workers each year for some of the nation's dreariest jobs - work they say Americans won't do - are mounting a last-minute drive to keep their employees' pay from going up. In a letter to U.S. Labor Secretary Hilda Solis , 48 members of Congress, including Sen. Barbara Mikulski (D., Md.) , Rep. Lou Barletta (R., Pa.) , and Rep. Pat Meehan (R., Pa.) say business owners should be able to continue importing cheap, foreign labor at current wages.
BUSINESS
August 30, 2011 | By Mike Armstrong, Inquirer Columnist
Hurricane Irene survivors weren't the only ones thinking about a good cup of coffee Monday. So was Aramark Corp. Philadelphia-based Aramark is buying the Filterfresh office-coffee business of Green Mountain Coffee Roasters Inc. , of Waterbury, Vt., for about $145 million in cash. Technically, what Aramark is buying is called Van Houtte USA Holdings Inc. , based in Westwood, Mass. Aramark has long had a coffee business through its Aramark Refreshment Services L.L.C.
FOOD
May 26, 2011 | By Michael Klein, PHILLY.COM
It seems counterintuitive, like bringing in a righthander to pitch to Ryan Howard in the bottom of the ninth with the bases loaded: Reflagging half a busy concession stand in the concourse at Citizens Bank Park to sell turkey burgers, salads, grilled chicken wraps, hummus and pita chips, carrots and celery, and sugar-free Tastykakes. But it's here, behind third base, beneath a new green sign heralding "Philly Fresh. " Hot dogs and other stadium staples are sold in the other half of the South Philadelphia Market stand - the side, it must be noted, with the longer lines.
BUSINESS
April 5, 2011 | By Harold Brubaker, Inquirer Staff Writer
Aramark Corp., a privately held Philadelphia food service provider and facilities manager, said Monday that it would borrow money to pay a $712 million dividend to its shareholders. The company's shareholders include private equity firms GS Capital Partners, Thomas H. Lee Partners, and Warburg Pincus L.L.C., which in aggregate own more than 60 percent of the company. In addition, longtime chief executive Joseph Neubauer owns 9.54 percent of the company, which was taken private in January 2007 for $8.3 billion, including equity and assumed debt.
NEWS
April 1, 2011 | By Michael Smerconish
If I were looking for an administrative assistant, I would consider hiring Bunny James. She has a pleasant telephone manner, and her resumé lists several skills: strong organizational efficiency; ability to coordinate conferences, projects, and meetings that require everything from audiovisual elements to catering; and proficiency in Microsoft Outlook, Word, Excel, and PowerPoint and Oracle. From 2006 until 2010, she worked for Aramark as an administrative supervisor of supply chain management.
NEWS
March 18, 2011
Aramark Corp., Philadelphia, said today that its health-care unit bought Masterplan, a clinical technology management and medical equipment maintenance company. The purchase will expand Aramark Healthcare's business to service all levels of hospital clinical technology, from high-end imaging equipment to ordinary infusion pumps used in daily patient care. Terms of the acquisition were not disclosed, but Aramark said Masterplan, based in Goodlettsville, Tenn., has 400 employees who manage 300,000 pieces of medical equipment nationwide.
BUSINESS
November 22, 2010 | By Mike Armstrong, Inquirer Columnist
For a $12.6 billion company, Aramark Corp. sure is quiet about when it has a strong year. But the Philadelphia food-service provider and uniform-rental company did increase sales for its fiscal year ended Oct. 1 by 2 percent. Not bad in a year when revenue growth has eluded most major companies. Gimme Credit L.L.C. analyst Vicki Bryan wrote in a note that it was the first time in years revenue was up in all of Aramark's business segments, even its uniform and career-apparel unit, which she described as "long-struggling.
BUSINESS
October 11, 2010
Cigna Corp., the Philadelphia insurer, said Rosanna M. Durruthy had been appointed chief diversity officer. Durruthy previously was chief executive officer and chief talent strategist of Aequus Group L.L.C., a consulting practice. Amanda S. Aronoff has been named executive director of Women's Way, a Philadelphia nonprofit group. Aronoff had been vice president of development and public relations for Project H.O.M.E. Continental Bank, Plymouth Meeting, said Joseph A. Trianosky had been named vice president, commercial real estate.
BUSINESS
October 7, 2010
In the Region Vanguard changes its fee structure Vanguard Group, Malvern, said it was expanding access to its lowest-cost mutual fund share class for individual investors, which will bring fee reductions to nearly 2 million clients of the company. Vanguard is reducing the minimum investment amount to qualify for its Admiral share class, which charges lower investment expenses than its Investor mutual fund shares. The biggest cuts affect index funds, on which the minimum investment was cut to $10,000 from $100,000.
NEWS
October 6, 2010
Aramark Corp., Philadelphia, lost a contract it had since 1992 to run the concession stands at Camden Yards, the home of the Baltimore Orioles. Aramark spokesman David Freireich would not disclose the reason the Orioles gave for deciding against renewing the company's contract for the 2011 baseball season. Aramark had 600 employees working at the ballpark. Many are expected to be picked up by whatever food-service company the Orioles select to succeed Aramark. A spokesman for the Orioles would not disclose the reason for the move.
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