PHILADELPHIA–(BUSINESS WIRE)– September 5, 2023 – Aramark (NYSE: ARMK), a global leader recognized for its diverse services including food, facilities management, and uniforms, has officially announced the name for its soon-to-be independent uniform services business: Vestis™. This strategic move, initially revealed as a plan to separate Aramark Uniform Services (AUS), marks a significant step towards establishing a focused, publicly traded entity specializing in Vestis Uniform solutions.
The name “Vestis,” derived from Latin, directly translates to garments and clothing. It serves as the etymological root for the concept of “dressing” across numerous languages, aptly reflecting the core business of uniform rental services. Beyond its literal meaning, Vestis embodies a deeper philosophy encapsulated in the Latin phrase “vestis virum facit,” or “clothes make the person.” This phrase resonates with Vestis’s mission to provide more than just uniforms; they offer empowerment through apparel and workplace supplies. To clearly define its comprehensive offerings, Vestis will utilize the descriptor: Uniforms and Workplace Supplies.
Kim Scott, President and CEO of Aramark Uniform Services and the designated CEO of Vestis, articulated the essence of the new brand: “Our new name, Vestis, directly connects us to our organizational purpose – to deliver vestis uniform and supplies that empower individuals to excel in their work and contribute positively to others while on the job.” Scott further emphasized commitment to customers, stating, “We are thankful for the trust our customers place in us, allowing us to continually provide services and products that ensure their teams operate with confidence, comfort, and safety every day. The prospect of operating as an independent, publicly traded company fills us with enthusiasm, and we are confident in a prosperous future for our employees, clients, and shareholders.”
Vestis is poised to maintain its comprehensive service portfolio, encompassing not only vestis uniforms but also full-service rental programs and essential workplace supplies. Their extensive service range includes vital items such as floor mats, towels, linens, managed restroom services, specialized cleanroom apparel, and first aid provisions. Upon finalization of the separation from Aramark, Vestis will operate with a robust team of approximately 20,000 employees, catering to around 300,000 customer locations.
John Zillmer, Aramark’s Chief Executive Officer, highlighted the strategic importance of this announcement: “Today marks a pivotal moment for both Aramark and our uniform services division. We are actively forging two independent industry frontrunners, each strategically positioned to concentrate on their distinct core competencies and specialized knowledge. I have strong faith in the highly experienced leadership team at Vestis and their strategic vision. I eagerly anticipate their continued success in the years ahead.”
Concurrent with the name unveiling, Vestis introduced its new company logo.
This logo presents a striking yet harmonious blend of orange and navy blue, designed to convey both approachability and dynamism, balanced by the company’s established reliability and extensive expertise within the industrial laundry sector. Notably, the logo subtly incorporates the shape of a shirt collar, cleverly doubling as a visual representation of the letter “V” for Vestis. The full transition to this new logo and associated brand elements will occur after the transaction is formally completed. The new vestis uniform brand identity aims to project a forward-thinking and reliable image in the market.
Analyst Day
Vestis has announced plans to provide an in-depth look at its strategic framework for future value creation at its upcoming Analyst Day. This event is scheduled for Wednesday, September 13th, 2023, and will be broadcast live via webcast starting at 9:00 am ET on the Aramark Investor Relations website, offering stakeholders a deeper understanding of the vestis uniform company’s direction.
About Vestis
Currently operating under Aramark as Aramark Uniform Services, Vestis is in the process of being established as an independent, publicly traded company. Vestis stands as a prominent leader in the B2B uniform and workplace supplies sector. The company is dedicated to delivering clean and safe vestis uniform services and workplace essentials to a diverse clientele across North America. This ranges from Fortune 500 corporations to local small businesses, spanning a wide array of industries. Vestis’s comprehensive service offerings are extensive, featuring full-service vestis uniform rental programs, specialized processing for cleanroom and other unique garments, floor mats, towels, linens, managed restroom solutions, and first aid supplies, among others.
About Aramark
Aramark (NYSE: ARMK) is a distinguished service provider globally, operating across 19 countries. They proudly serve leading educational institutions, Fortune 500 companies, world-renowned sports teams, major healthcare systems, iconic destinations, cultural landmarks, and numerous municipalities. Aramark delivers a broad spectrum of services including food, facilities, and vestis uniform solutions. With a deeply ingrained culture of service, Aramark employees are committed to making a positive impact for each other, their partners, communities, and the environment. Aramark’s consistent recognition includes FORTUNE’s “World’s Most Admired Companies,” DiversityInc’s accolades for diversity and supplier diversity, Newsweek’s “America’s Most Responsible Companies 2023,” top scores in HRC’s “Best Places to Work for LGBTQ Equality,” and a 100% score on the Disability Equality Index. To explore more about Aramark, visit www.aramark.com and connect with them on social media platforms such as Facebook, Twitter, and LinkedIn.
Forward-Looking Statements
This announcement includes forward-looking statements as defined under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements pertain to future events and expectations, particularly concerning the anticipated spin-off of Aramark Uniform Services. Terms such as “believe,” “expect,” “plan,” “will,” and similar expressions are used to identify these forward-looking statements. These statements are inherently subject to risks, uncertainties, and factors that could cause actual outcomes to differ materially. These risks include, but are not limited to, the conditions, timing, and impacts of the proposed spin-off; the realization of expected benefits; the receipt of necessary approvals; financial and transactional risks associated with the spin-off; potential cost increases; management retention; market and stakeholder reactions; and broader business impacts. Aramark is not obligated to update these statements unless required by law.
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Investors
Michael Aurelio, CFA
470-653-5015
[email protected]
Media
Danielle Holcomb
470-716-0917
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Source: Aramark
