TEXTILE SERVICES NEWS

Aramark-AmeriPride Merger: Shared Vision, Mission

In a major move among national linen, uniform and facility services companies, Aramark announced on Oct. 16 that it’s acquiring AmeriPride Services Inc. for $1 billion, or a net purchase of $850 million after adjusting for the value of anticipated tax benefits, according to a news release. AmeriPride, based in Minnetonka, MN, has commercial laundry operations across much of the U.S. and Canada with annual revenues of roughly $600 million. “AmeriPride is a highly respected company with a tremendous legacy that will extend and complement Aramark’s uniforms business,” ...