Coordinates | 12°2′36″N77°1′42″N |
---|---|
company logo | |
company name | Aramark |
company type | Private |
foundation | 1959 (as Automatic Retailers of America) |
location | Philadelphia, Pennsylvania, U.S. |
key people | Davre Davidson, founderJoseph Neubauer, CEO |
num employees | 255,000 (full-time and part-time) |
industry | Managed Services |
products | Managed Services |
revenue | $12.57 Billion USD (2010) |
net income | $30.7 Million USD (2010) |
homepage | www.aramark.com }} |
Aramark Corporation, known commonly as Aramark, is an American foodservice, facilities, and clothing provider supplying businesses, educational institutions, sports facilities, and health care institutions. It is headquartered at the Aramark Tower in Center City, Philadelphia, Pennsylvania. Aramark’s revenues reached $12.3 billion USD in 2009 and was listed as the 189th largest employer on the Fortune 500.
In 1968, ARA provided services at the Mexico City Olympic Games, the first of 14 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 2004, Aramark acquired a 90% stake in the Irish catering company Campbell Catering.
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 2006, Aramark acquired SeamlessWeb, an Internet-based service that allows users to order food from local restaurants.
Aramark owns half interest in AIM Services, a leading outsourcing food provider in Japan.
In response to First Lady Michelle Obama's childhood obesity Let's Move! campaign in February 2010, ARAMARK, along with other major food service providers, pledged to reduce the amount of fat, sugar and salt in their meals over the next five years.
In April 2010, Aramark and the Coalition of Immokalee Workers reached a resolution that called for a 70-80 percent increase in wages for tomato pickers.
Aramark has also been the subject of a number of scandals regarding labor practices and business ethics. These include firing workers for reporting unsanitary food conditions, paying fringe wages, not paying backpay, and firing or eliminating the positions of those who file EEOC claims.
Category:Companies established in 1959 Category:Companies based in Philadelphia, Pennsylvania Category:Multinational companies Category:Business services companies of the United States Category:Hospitality companies of the United States Category:Private equity portfolio companies
de:Aramark fr:Aramark Corporation id:AramarkThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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