Announced
Financials
Tags
Acquisition
Japan
Single Bidder
Private
food services
Food Products
Domestic
Majority
Friendly
Pending
Synopsis
Mitsui, one of the largest sogo shosha in Japan, agreed to acquire the remaining 50% stake in AIM Services, a joint venture established to provide food services to clients across a variety of business sectors in Japan, from Aramark, an American food service, facilities, and uniform services provider, for $535m. "As part of our strategy to deliver profitable growth, we regularly review the company’s portfolio to identify opportunities to create value for shareholders. Monetizing this non-controlling interest will enhance operating focus, strengthen our balance sheet through accelerated debt repayment, and will be accretive to earnings per share," John Zillmer, Aramark CEO.
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