March 5, 2003 |
Aramark Corp., of Philadelphia, is selling its chain of child-care centers and schools for $265 million in cash and debt to a California company so it can concentrate on its faster-growing food service, stadium concessions and uniform rental businesses. Revenue in the child-care services division, which operates as Children's World Learning Centers, Medallion School Partnerships, and Aramark Work/Life Partnerships, fell by 2 percent, or $7.5 million, between 2001 and 2002, although it remained profitable.
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 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 18, 2001 |
Aramark Corp., which provides food, child-care, and laundry services worldwide, filed for an initial public offering of new class B shares that could raise as much as $600 million. The Philadelphia company did not set a price range for shares in the IPO. It also did not specify how many shares would be offered, but said that the total would be less than 20 percent of its outstanding shares. Aramark, which hopes to list the shares on the New York Stock Exchange under the ticker symbol RMK, valued the stock sale at $600 million for the purpose of calculating its fee to register with the Securities and Exchange Commission.
March 31, 2000 |
Philadelphia-based food services company ARAMARK Corp. announced yesterday it has agreed to acquire all of the food and beverage concessions and venue businesses of Ogden Corp. Ogden is the current concessionnaire at Veterans Stadium and the Sony-Blockbuster Music Entertainment Centre in Camden. Other customers include Wrigley Field, in Chicago, the MCI Center, in Washington, the Staples Center, in Los Angeles and the Conseco Fieldhouse, in Indianapolis. "The addition of these Ogden businesses and the outstanding quality of their customer base provide us with an opportunity to share our expertise and combine resources with these customers so that we can build a broader portfolio of unlimited partnerships," said Joseph Neubauer, Chairman and CEO of ARAMARK.
March 3, 2000 |
Greens, yellows, browns and whites. All the colors of the rainbow, and more. That's what Aramark served up during a preview to trumpet the Philadelphia-based food service company's 12th Olympic offering of gastronomic delights for world-class athletes to be served at the Summer Games in Sydney, Australia. Representing Asia will be grilled snapper with Szechuan spices; the United States, corn-crusted chicken breast with Tabasco green biscuit; Latin America, Cuban Adobe pork with Papaya Jicami slaw; and Europe, an array of fresh and seasoned breads, vegetables, cheeses, meats and fruits.
April 26, 1998 |
Time has run out on Aramark Corp.'s controversial plan to convert itself into one of the nation's biggest companies wholly owned by its bosses and workers. Officials of the Philadelphia multinational were mum last week on the prospects for resuscitating the plan, which was struck down by a Delaware judge in February. Aramark initially appealed. But in papers filed with the Securities and Exchange Commission earlier this month, Aramark acknowledged it has abandoned the plan "in its current form," and dropped its legal proceedings.
February 6, 1998 |
Alan K. "Scotty" Campbell, 74, academician and former chairman of the U.S. Civil Service Commission who was appointed by President Jimmy Carter to reform the federal civil service system, died of complications from emphysema Wednesday at his home in Haverford. Mr. Campbell served only three years in government, but his short tenure resulted in the most sweeping changes in the federal workforce, Carter said in a 1978 interview. He left his post as dean of public affairs at the University of Texas in 1977 to overhaul the federal civil service system, and shepherded the Civil Service Act of 1978 through a reluctant Congress.
December 13, 1994 |
Aramark, the food-service provider formerly known as ARA Services Inc., said yesterday that it had acquired Harry M. Stevens Inc., which operates food and drink concessions at some of the nation's biggest arenas and ballparks. With the newly acquired contracts, Aramark, which has operated stadium concessions around the country since 1966, will now provide service at the homes of 28 teams in baseball, football, basketball and hockey. Aramark officials would not disclose the price of the deal, which gives the Center City-based company rights to venues in nine states and Puerto Rico.
December 13, 1994 |
Philadelphia's Aramark will be dishing up hot dogs and soda to fans at Shea Stadium, the Meadowlands and Churchill Downs with its purchase of Harry M. Stevens, announced yesterday. Stevens, which Aramark says is the oldest concessions business in the United States, also counts the Miami Arena, Houston Astrodome and Long Island's Nassau Coliseum among the 20 accounts it will add to the 100 already in Aramark's leisure-services portfolio. Aramark, which is privately held, did not disclose how much it paid, nor how much Stevens would add to its $5 billion in annual revenues.