May 2006
ARAMARK (NYSE:RMK) today announced it has expanded its presence in China with the completion of its acquisition of Golden Collar, a Beijing-based food service company.
Golden Collar, with 1,600 employees, provides food service to more than 60 clients in four major Chinese cities. ARAMARK first collaborated with Golden Collar in the fall of 2005 to provide food service at the Chinese FIA Formula One World Championship Round at the Shanghai International Circuit, an event attended by over 200,000 fans.
Together with ARAMARK's facility services company, Bright China Service Industries (acquired in 2004), the Golden Collar food service operation brings ARAMARK's total employee count in China to more than 10,000.
"The acquisition of Golden Collar strengthens our professional service portfolio in Beijing and provides a platform for expansion to other Chinese cities. We are now in a better position to service our customers and pursue new business opportunities within the healthcare, business and sports and entertainment sectors," said Ravi Saligram, President of ARAMARK International.
About ARAMARK International
Operating abroad since 1967, ARAMARK's International sector has 70,000 employees serving clients in 19 countries outside of the United States. ARAMARK International provides food, refreshment, facility and other support services for thousands of clients, including businesses, schools and universities, health care institutions, senior living centers and sports and entertainment facilities.
About ARAMARK
ARAMARK is a leader in professional services, providing award-winning 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. In FORTUNE magazine's 2006 list of "America's Most Admired Companies," ARAMARK was ranked number one in its industry, consistently ranking since 1998 as one of the top three most admired companies in its industry as evaluated by peers and industry analysts. The company was also ranked first in its industry in the 2006 FORTUNE 500 survey. Headquartered in Philadelphia, ARAMARK has approximately 240,000 employees serving clients in 20 countries. Learn more at the company's Web site, www.aramark.com
