- Aramark ARMK has acquired the independent foodservice company, Wilson Vale, in the U.K. for an undisclosed sum.
- Wilson Vale, co-founded and run by Andrew Wilson and Carolyne Vale, will operate as an autonomous brand within Aramark's U.K. portfolio.
- Aramark expects the independent brand to strengthen its portfolio in the U.K. with a focus on servicing premium Business and Industry (B&I) and Independent Schools contracts.
- Wilson Vale will retain its existing leadership team, employees, clients, and suppliers.
- Aramark held $532.6 million in cash and equivalents as of October 1, 2021.
- Price Action: ARMK shares are trading higher by 0.24% at $33.42 in premarket on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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