Aramark Acquires UK Foodservice Company Wilson Vale For Undisclosed Sum

Aramark ARMK has acquired the independent foodservice company, Wilson Vale, in the U.K. for an undisclosed sum.
Wilson Vale, co-founded and run by Andrew Wilson and Carolyne Vale, will operate as an autonomous brand within Aramark's U.K. portfolio.
Aramark expects the independent brand to strengthen its portfolio in the U.K. with a focus on servicing premium Business and Industry (B&I) and Independent Schools contracts.
Wilson Vale will retain its existing leadership team, employees, clients, and suppliers.
Aramark held $532.6 million in cash and equivalents as of October 1, 2021.
Price Action: ARMK shares are trading higher by 0.24% at $33.42 in premarket on the last check Friday.

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