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Aramark company history timeline

1936

Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson.

1959

In September 1959, Davidson and Fishman merged their operations into one, and the combined company became known as Automatic Retailers of America, or ARA for short.

1960

In 1960 they took ARA public to infuse the enterprise with new capital and expand the business.

1961

In 1961, Automatic Retailers of America (then doing approximately 65 million dollars in vending sales) merged with Slater Corporation (doing approximately 65 millon dollars in manual service sales) and the company was renamed ARA Services, Inc.

1963

In 1963, ARA was listed on the New York Stock Exchange.

1964

By 1964, ARA operated 95,000 vending machines, offering freshly brewed coffee, hot soup, sandwiches, and other items.

1965

The company complied, selling one-third of the required portion by 1965 and the remainder in the following year.

1968

In 1968, ARA took its operations international when it was selected to serve over one million meals to thousands of athletes at the 1968 Summer Olympic Games in Mexico City.

1969

In 1969, ARA officially became ARA Services, to reflect its growing range of businesses.

1972

1972: ARA faces FTC charges due to its monopolistic control of the vending machine market.

1973

In 1973, the court ordered ARA to cease purchasing 'certain types of wholesale operations in the paperback books and periodicals field' and to divest itself of a portion of its vending business.

1976

In 1976, the company entered the work uniform rental and career apparel industry, as businesses sought uniforms and other textile products to distinguish their brands from competitors and to increase employee morale.

1979

By 1979, ARA operated more than 6,000 food service establishments in the United Kingdom, Belgium, France, and Germany.

Sales for the first six months of 1979 topped $1 billion.

1980

In 1980, ARA Services acquired National Child Care Centers, Inc. and entered the childcare arena.

1981

1981: A federal grand jury begins investigating the company's student transport division; sales begin to drop off.

1983

In 1983, Joseph Neubauer was elected CEO of ARA Services, and a year later, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.

1984

At the end of 1984, ARA became a privately held company.

1984: The company restructures and executes a leveraged management buyout.

In 1984, to fend off a hostile takeover bid, a group of executives, including Neubauer, coordinated a management buyout that resulted in management ownership of 40 percent of the company, allowing managers to maintain control of their own destinies.

1992

Its image was greatly improved, especially in its food service and leisure service divisions, where 'customized service' allowed the company to expand throughout Europe and into Japan, and even serve Olympic athletes their native foods at the 1992 Barcelona Olympics.

And in 1992, ARA spun off a portion of its geriatrics division in an initial public offering that raised $112.7 million.

1994

In the most recent chapter of our company history, on October 10, 1994, ARA Services, Inc. officially became ARAMARK.

1997

By 1997, ARAMARK recorded $6 billion in sales.

Along with strengthening business operations, management also sought to solidify its ownership in the company and announced a $440 million stock buy-back plan of its entitled 'Share 100' in 1997.

1998

In 1998, ARAMARK secured a ten-year contract with Sprint Corp. to manage food service operations at its world headquarters.

1999

In early 1999, the firm announced plans to acquire the Restaura dining operations of Viad Corp.

By 1999, ARAMARK had boosted its revenues to approximately $6.7 billion.

2000

In March 2000, the firm acquired the food and concession services of the Ogden Corp., which would make it the largest sports and entertainment concessions provider in the United States.

In 2000, ARAMARK--owned mainly by its employee managers--was ranked as one of the top 100 'Most Admired Companies' by Fortune magazine.

2001

According to the Outsourcing Institute, United States-based companies spent over $200 billion in outsourcing noncore operations and were predicted to spend over $300 billion in 2001.

In 2001, Aramark returned to the New York Stock Exchange as a public company under the RMK ticker.

2003

In 2003, ARAMARK completed the sale of its childcare division to better focus on growth opportunities in its core food, facilities and uniform businesses.

2004

In 2004, Aramark acquired a 90% stake in the Irish catering company Campbell Catering.

2007

The merger was completed in 2007.

2009

In July 2009, Aramark and the Colorado Rockies opened what is believed to be the first gluten-free concession stand in major league baseball.

2010

By 2010, Aramark made gluten-free foods available at all 12 of its major league baseball accounts.

2011

On August 29, 2011 Green Mountain Coffee Roasters sold Van Houtte USA (Filterfresh) to Aramark for $145 million.

2012

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.

2014

In December 2014, Joseph Neubauer announced his retirement and Foss was elected as the company's next chairman.

2015

In 2015, Aramark acquired Irish retail and hospitality business, Avoca Handweavers.

2017

Aramark partnered with The Humane Society in August 2017, part of their initiative to increase plant-based food offerings for consumers.

2019

On August 26, 2019, Eric J. Foss abated as chief executive officer (CEO). Aramark created a position of "Office of the Chairman" consisting of Lauren Harrington, Stephen Sadove, Lynn McKee and Bramlage Stephen to handle day to day operations, until a new CEO is found.

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Founded
1936
Company founded
Headquarters
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Founders
Bridgette P. Heller,Paul Charles Hilal,Davre Davidson,Henry Davidson
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Aramark may also be known as or be related to Aramark, Aramark Corporation and aramark correctional services.