Aramark completed the spin-off of its uniform services business.

Aramark, a provider of food, facilities, and uniform services to a variety of clients and institutions, completed the spin-off of its uniform services business into an independent, publicly traded company. The spin-off was completed through a distribution to Aramark stockholders of one share of Vestis common stock for every two shares of Aramark common stock held. “Substantial improvements across the company—including culture, organization, strategy, client, and customer service—and a program of selective, targeted investments, have enabled us to materially improve our growth trajectory. Kim Scott, who joined in October 2021 as President and CEO of AUS, and her team have developed a compelling strategic framework and vision for AUS. We believe that Aramark and AUS can best execute their respective value-creating strategies operating as two independent, publicly traded companies," John Zillmer, Aramark CEO.