Aramark Research

707 Words2 Pages

When Farmingdale State College students are asked about Aramark, they simply associate it with the food that is served on campus. Little do they know that Aramark has a whole history and that there are many facets to this company. Not only does Aramark Corporation cater to different colleges around the country, they also have uniform services among other things.
Aramark was born because of two business owners who merged their two companies, Davre Davidson and Bill Fishman. These two men were the owners of two peanut vending businesses. In 1959, after merging, they incorporated their new company with the name Automatic Retailers of America, Inc. (ARA). In the first year of operation, they company earned $24 million. For the next 10 years, ARA grew at a rapid pace, obtaining 150 smaller vending companies ("History of Aramark Corporation – FundingUniverse").
The largest company ARA bought was Slater Company in 1961 for $15 million. At the time, Slater Company was the largest food service business in the United States. By purchasing Slater Company, ARA became a diversified food service company. This purchase expanded them into new markets; they expanded into institutional markets such as colleges and universities ("History of Aramark Corporation – FundingUniverse").
Even though they were quite large, ARA still wanted to expand further. According to FundingUniverse, “the company established a division to run resorts, sports parks, and amusement parks; acquired Air La Carte Inc., a private company that provided in-flight meals for more than 20 domestic and international airlines; and ventured into periodicals distribution, purchasing 39 local distributorships over a period of about four years” ("History of Aramark Corpor...

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...e of the U.S. and Canada into more countries.

THREATS

Aramark’s threats may include other food service companies who are expanding into the same markets.

Works Cited

Aramark Announces Pricing of Initial Public Offering. (2013, Dec 11). PR Newswire. Retrieved from http://search.proquest.com/docview/1466604091?accountid=8066
Aramark's Customer Loyalty Program. (2005). Food Management, 40(10), 23. Retrieved from http://eds.b.ebscohost.com/ehost/detail?sid=68dc6654-188c-4026-b525-90d857fe9fc0%40sessionmgr110&vid=1&hid=110&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&AN=18348184
History of Aramark Corporation – FundingUniverse. (n.d.). Retrieved from http://www.fundinguniverse.com/company-histories/aramark-corporation-history/
LexisNexis® Academic & Library Solutions. (n.d.). Retrieved from http://www.lexisnexis.com/hottopics/lnacademic/?verb=sf&sfi=AC02NBCmpDosSrch

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