PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) announced today that it completed the previously announced acquisition of AmeriPride Services Inc. for approximately $1.0 billion.
AmeriPride is a leading uniform and linen rental and supply company in the U.S. 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 U.S., 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. “I welcome AmeriPride’s talented and experienced team to the Aramark family, and look forward to our future success as a combined organization.”
Aramark will host a conference call to review its first quarter 2018 earnings on Tuesday, February 6, 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.
Aramark (NYSE: ARMK) proudly serves Fortune 500 companies, world champion sports teams, state-of-the-art healthcare providers, the world's leading educational institutions, iconic destinations and cultural attractions, and numerous municipalities in 19 countries around the world. Our 270,000 team members deliver experiences that enrich and nourish millions of lives every day through innovative services in food, facilities management and uniforms. We operate our business with social responsibility, focusing on initiatives that support our diverse workforce, advance consumer health and wellness, protect our environment, and strengthen our communities. Aramark is recognized as one of the World's Most Admired Companies by FORTUNE as well as an employer of choice by the Human Rights Campaign and DiversityInc. Learn more at www.aramark.com or connect with us on Facebook and Twitter.