PA & Philly Win!
ARAMARK ANNOUNCES GLOBAL HEADQUARTERS WILL REMAIN IN HOMETOWN CITY
PHILADELPHIA, April 7, 2016 /PRNewswire/ -- Aramark, the world's largest U.S.-based provider of food and facilities services and uniforms, announced today that the company's global headquarters will remain in Philadelphia with the selection of an office site pending. Aramark has been considering the location of its headquarters since last year in advance of its current lease expiring in 2018. A recently completed formal review assessed potential states and cities, including Philadelphia -- the company's home since 1961. A variety of key factors were evaluated that included the overall business environment, access to talent, costs, diversity, transportation and quality of life.
"This is an exciting time for Aramark as we capitalize on every opportunity to better serve our clients and accelerate our growth and success," said Eric J. Foss, Chairman, President & CEO. "I want to thank each market that participated in what was a very strong competition as we carefully explored all our options. Ultimately, Aramark's longstanding home continues to be the ideal choice for us and we are excited to re-commit to the city, state and people that have been such an instrumental part of our growing company and will be in the future."
Aramark is one of Pennsylvania's largest employers with more than 14,000 employees across the state who proudly serve the company's clients ranging from professional sports teams and stadiums to world-class medical, educational and business organizations. Over 6,500 of those associates work in the Philadelphia area, with approximately 1,150 in management and management support roles at its global headquarters in the city leading its operating businesses and corporate functions.
The next phase of Aramark's process will involve selecting a specific site in Philadelphia to house its world headquarters and reflect its global mission to "Enrich and Nourish Lives." Those options include renewing a lease at Aramark's current space (1101 Market Street), or moving to a new location. The company anticipates announcing its decision on the specific site by the end of the summer.
"We look forward to completing the final step of this process and setting the stage to continue Aramark's success legacy in Philadelphia and across Pennsylvania," said Foss. "That includes our long commitment as a major employer and supporting this great community across the wide variety of civic, charitable and cultural organizations we have been honored to partner with historically."
Foss added that Aramark associates generously give their own time and resources to volunteer and participate in charitable groups and share the company's dedication to community service. The company is also a leading champion of social priorities, including health and wellness, and funding showcase events such as Philadelphia hosting the recent World Meeting of Families and Papal Visit, and the upcoming Democratic National Convention.
About Aramark
Aramark (NYSE: ARMK) delivers experiences that enrich and nourish people's lives through innovative services in food, facilities management, and uniforms. United by a passion to serve, our 270,000 employees make a meaningful difference each day for millions of people in 21 countries around the world. Aramark is recognized as one of the World's Most Admired Companies by FORTUNE, rated number one among Diversified Outsourcing Companies, as well as among the World's Most Ethical Companies by the Ethisphere Institute. Learn more at www.aramark.com or connect with us on Facebook and Twitter.
Contact: Karen Cutler
215-238-4063
[email protected]
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SOURCE Aramark
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