Aramark Net Worth is13.502 $Billion
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Company Name: Aramark
Company Type: Private Company
Foundation: 1959 (as Automatic Retailers of America)
Location: Aramark Tower, Philadelphia, Pennsylvania, United States
Key People: Davre Davidson, Founder, Eric J. Foss, CEO
Num Employees: 250,000 (2012)
Industry: Managed Services
Products: Managed Services
Revenue: net income
Owner: CCMP Capital, Goldman Sachs Capital Partners, Thomas H. Lee Partners, Warburg Pincus, and management
Homepage: []
Aramark Corporation, known commonly as Aramark, is an American foodservice, facilities, and clothing provider supplying businesses, educational institutions, sports facilities, federal and state prisons, and health care institutions. It is headquartered at the Aramark Tower in Center City, Philadelphia, Pennsylvania. Aramarka??s revenues reached 13.5 billion USD in 2012 and was listed as the 23rd largest employer on the Fortune 500.
Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson, who began providing vending services to plant employees in the aviation industry in Southern California. In 1959, Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America), which became publicly traded a year later in 1960.
In 1968, ARA provided services at the Mexico City Olympic Games, the first of 16 Games they have serviced, including Athens in 2004 and Beijing in 2008.
In 1969, ARA officially became ARA Services, to reflect its growing range of businesses.
In 1983, Joseph Neubauer was elected CEO of ARA Services and a year later, in 1984, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.
ARA Services changed its name to Aramark in 1994.
In 2001, Aramark returned to the New York Stock Exchange as a public company under the RMK ticker. In 2006, a group of investors led by Neubauer proposed the acquisition of all outstanding shares of the Aramark Corporation, which was approved by shareholders. The merger was completed in 2007.
In 2004, Aramark acquired a 90% stake in the Irish catering company Campbell Catering.
On August, 29, 2011 Green Mountain Coffee Roasters sold Van Houtte USA (Filterfresh) to Aramark for $145 million.
In May 2012, Aramark announced that its Board of Directors had elected Eric J. Foss as CEO and that Joseph Neubauer would remain the company's Chairman.
Aramark provides food and facility services to thousands of cl

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Aramark Latest News

Cleveland Metroparks Zoo to add new event center at Waterfowl Lake

With the cost of the project estimated at $2.3 million, the Cleveland Metroparks Zoo contracted caterer, ARAMARK, committed to $1 million towards the construction costs. The Cleveland Zoological Society has committed $300,000 and the final $1 million will ...
Posted: April 20, 2014, 10:18 am

Vendor fined $142,100 for prison-meal problems

But the union that represents the 341 government workers replaced by employees of Aramark Correctional Services claims that the problems following the privatization of prison food service go much deeper. Since Sept. 26, state officials have banned 76 ...
Posted: April 21, 2014, 4:35 pm

ARAMARK : Problems with Privatized Food Service Should Not Surprise Ohio Prison Officials

COLUMBUS, Ohio, April 19-- The American Civil Liberties Union of Ohio issued the following news release: Today, the ACLU of Ohio called on the Ohio Department of Rehabilitation and Correction (ODRC) to reexamine the privatization of state prison food services.
Posted: April 19, 2014, 2:56 am
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