Aramark (NYSE: ARMK), a global leader known for its diverse services ranging from food and facilities management to uniforms, has officially announced the new identity for its uniform services division: Vestis Services Llc. This rebranding marks a significant step as Aramark progresses with the planned spin-off of its Aramark Uniform Services (AUS) business, transforming it into an independent, publicly traded entity focused on uniform and workplace solutions.
This strategic move, initially unveiled earlier, reached a new milestone with the unveiling of the “Vestis” name on September 5, 2023. The name, derived from the Latin term for garments and clothing, perfectly encapsulates the essence of the company’s offerings. “Vestis” not only directly translates to “garments” but also subtly echoes the phrase “vestis virum facit,” meaning “clothes make the person,” highlighting the transformative power of uniforms in professional settings. To clearly define its market presence, Vestis will operate with the descriptor “Uniforms and Workplace Supplies,” underscoring the comprehensive nature of its services.
Kim Scott, the current President and CEO of Aramark Uniform Services and the designated CEO of Vestis Services LLC, articulated the significance of the new brand. “Our new name, Vestis, deeply resonates with our organizational purpose – to provide uniforms and workplace supplies that empower individuals to perform their jobs effectively and contribute positively,” Scott stated. She further emphasized gratitude towards their clientele, expressing Vestis’s commitment to continually deliver products and services that enhance the confidence, comfort, and safety of their customers’ teams. Looking forward, Scott conveyed enthusiasm for Vestis’s future as a standalone, publicly traded company, expressing confidence in the prospects for its employees, customers, and shareholders.
Vestis Services LLC is poised to continue its tradition of providing high-quality uniforms and comprehensive service programs, including rental and workplace supply solutions. Their extensive service portfolio encompasses essential workplace items such as floor mats, towels, linens, managed restroom services, specialized cleanroom garments, and first aid supplies. Upon finalizing its separation from Aramark, Vestis will command a robust operational scale, employing approximately 20,000 team members and catering to around 300,000 customer locations across North America. This vast network underscores Vestis’s established footprint and capacity to serve a wide array of businesses.
John Zillmer, Aramark’s Chief Executive Officer, highlighted the strategic importance of this announcement for both entities. “This announcement is a pivotal moment for Aramark and our uniform services business. We are actively shaping two independent industry frontrunners, each strategically positioned to concentrate on their specific core competencies and specialized expertise,” Zillmer remarked. He voiced strong confidence in the experienced leadership team at Vestis and their strategic direction, anticipating continued success and innovation from the newly branded company.
Accompanying the name reveal, Vestis Services LLC introduced its new corporate logo. The design features a dynamic blend of orange and navy blue, intended to project both warmth and renewed energy, balanced by the company’s established reliability and extensive experience within the industrial laundry sector. The logo subtly incorporates the shape of a shirt collar, doubling as a visual representation of the letter “V” in Vestis. The full transition to this new logo and brand identity elements is scheduled to occur after the formal separation from Aramark is completed.
To provide deeper insights into its strategic vision and forthcoming value creation initiatives, Vestis Services LLC has announced an 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. This session will offer stakeholders a comprehensive overview of Vestis’s strategic framework as it embarks on its journey as an independent company.
About Vestis Services LLC
Vestis Services LLC is in the process of being established as an independent, publicly traded corporation, currently operating as Aramark Uniform Services under Aramark. As a recognized leader in the B2B uniform and workplace supplies sector, Vestis is dedicated to delivering dependable clean and safe uniform services and essential workplace products. The company serves a diverse clientele across North America, ranging from Fortune 500 corporations to local small businesses across various industries. Vestis’s comprehensive service offerings include full-service uniform rental programs, specialized processing for cleanroom and other unique garments, floor mats, towels, linens, managed restroom solutions, and first aid supplies, making it a holistic partner for workplace needs.
About Aramark
Aramark (NYSE: ARMK) is a globally respected provider of food, facilities, and uniform services. Aramark serves a broad spectrum of clients, including leading educational institutions, Fortune 500 companies, champion sports teams, healthcare providers, and cultural destinations across 19 countries. Rooted in a culture of service, Aramark is committed to making a positive impact on its employees, partners, communities, and the environment. Aramark’s consistent recognition in FORTUNE’s “World’s Most Admired Companies,” DiversityInc’s accolades for diversity leadership, Newsweek’s acknowledgment for corporate responsibility, and a perfect score on the Disability Equality Index, underscore its commitment to excellence and corporate citizenship. For more information, please visit www.aramark.com.
Forward-Looking Statements
This announcement contains forward-looking statements as defined under federal securities laws. These statements, including those relating to the anticipated timing and completion of the Vestis Services LLC spin-off, involve risks and uncertainties that could cause actual outcomes to differ materially from expectations. Factors influencing these statements include but are not limited to the terms, timing, and impacts of the spin-off; the realization of expected benefits; required approvals; financial and operational risks associated with the separation; market reactions; and broader economic and business uncertainties. Vestis Services LLC and Aramark undertake no obligation to update these forward-looking statements to reflect new information or future events, except as required by law.
Investor Relations Contact:
Michael Aurelio, CFA
470-653-5015
[email protected]
Media Contact:
Danielle Holcomb
470-716-0917
[email protected]
Source: Aramark
