Aramark to Spin Off Uniform DivisionMay 11, 2022
Aramark has announced plans to spin off its uniform services division.
The new independently traded company will be known as Aramark Uniform Services (AUS) and the transaction will be structured to be tax-free for the company and its shareholders. Kim Scott, current president and CEO of the uniform division, will lead the independent public company as CEO and Rick Dillon will serve as chief financial officer. Aramark anticipates the spin-off will be finalized by the end of its 2023 fiscal year.
“Substantial improvements across the company—including culture, organization, strategy, client, and customer service—and a program of selective, targeted investments, have enabled us to materially improve our growth trajectory,” said John Zillmer, Aramark CEO. “Kim Scott, who joined in October 2021 as president and CEO of AUS, and her team have developed a compelling strategic framework and vision for AUS. We believe that Aramark and AUS can best execute their respective value creating strategies operating as two independent, publicly traded companies.”
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.