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  • Essay / Aramark Research - 707

    When students at Farmingdale State College are asked about Aramark, they simply associate it with the food served on campus. They don't know that Aramark has a whole history and that there are many facets to this business. Not only does Aramark Corporation cater to different colleges across the country, but it also offers uniform services, among other things. Aramark was formed from the merger of two business owners, Davre Davidson and Bill Fishman. These two men owned two peanut sales businesses. In 1959, after merging, they incorporated their new company as Automatic Retailers of America, Inc. (ARA). In the first year of operation, the company earned $24 million. Over the next 10 years, ARA grew at a rapid pace, obtaining 150 small vending companies (“History of Aramark Corporation – FundingUniverse”). The largest company purchased by ARA was Slater Company in 1961 for $15 million. At the time, Slater Company was the largest restaurant company in the United States. By purchasing Slater Company, ARA became a diversified restaurant company. This purchase expanded them into new markets; they have 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 created a division to manage resorts, sports parks and amusement parks; acquired Air La Carte Inc., a private company that provided in-flight meals to more than 20 domestic and international airlines; and ventured into periodical distribution, purchasing 39 local franchises over a period of approximately four years" ("History of Aramark Corpor...... middle of paper ......e of the United States United and Canada in more countries.THREATSRamark's threats may include other food service companies expanding into the same markets.Aramark Announces Initial Public Offering Pricing (December 11, 2013). http://search.proquest.com/docview/1466604091. accountid=8066Aramark Customer Loyalty Program (2005). com/ehost/detail?sid=68dc6654-188c-4026-b525-90d857fe9fc0. ingUniverse (nd). /www.fundinguniverse.com/company-histories/aramark-corporation-history/. LexisNexis® Academic and Library Solutions (nd). AC02NBCmpDosSrch.