USA
Aramark announced on 22 January that it completed the previously announced acquisition of AmeriPride Services Inc. for approximately $1.0 billion. Aramark will host a conference call to review its first quarter 2018 earnings on Tuesday, 6 February 2018 at 10:00 a.m. ET, and will also provide an update on the integration of its recently completed acquisitions of Avendra, LLC and AmeriPride at that time.
AmeriPride is a leading uniform and linen rental and supply company in the USA and Canada, with annual revenue of approximately $600 million. The combination of these two uniform services companies will create a leading uniform services provider with enhanced scale and capabilities, serving nearly 500,000 customers. The transaction will bolster Aramark's competitive position in the USA, and immediately establish a strong position in Canada.
“This merger will enable us to enhance customer service, drive greater efficiencies, expand career opportunities for our employees and we expect it will generate sustainable value for our shareholders,” said Eric J. Foss, chairman, president and CEO of Aramark (pictured). “I welcome AmeriPride’s talented and experienced team to the Aramark family, and look forward to our future success as a combined organisation.”
