Aramark has agreed to sell its 50% equity stake in AIM Services to Mitsui & Co. Ltd. for US$535 million.

AIM Services was established as a joint venture between the two organizations companies in 1976 to provide food services across a variety of business sectors in Japan. The sale is expected to be finalized at the beginning of Aramark’s fiscal third quarter, subject to customary closing conditions and approvals.

“As part of our strategy to deliver profitable growth, we regularly review the company’s portfolio to identify opportunities to create value for shareholders,” stated John Zillmer, Aramark CEO. “Monetizing this non-controlling interest will enhance operating focus, strengthen our balance sheet through accelerated debt repayment, and will be accretive to earnings per share.”

About Aramark
Aramark provides food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. For more information, visit www.aramark.com.