I am very pleased to announce that our company has signed a definitive agreement to merge with Aramark Corporation and the sale is expected to close by the end of the year. Upon completion of the merger, Canadian Linen & Uniform Service will become a wholly-owned subsidiary of Aramark.
This news may come as a surprise, but we are confident this will help strengthen our business and generate additional value for our customers. The merger of the two companies is a good fit and we’re anticipating a smooth transition for everyone.
Aramark Corporation (NYSE: ARMK) is a leading provider of managed services and is one of the largest textile rental service providers in the U.S. We believe the company shares similar values and culture and will ultimately take good care of our employees and customers.
Our top priority is to continue to provide customers with consistent, high-quality service and support. Our production facility and service centers will remain open at full capacity and operate under our current company name for some time. Customers shouldn’t see any meaningful changes to their service and will continue to work with their existing service teams. Both of our companies are committed to providing you the same exemplary customer service that you have come to expect and deserve.
It has been our pleasure to serve you through the years and the Steiner family would like to sincerely thank you for your business and ongoing loyalty. Please contact your local service team if you have any additional questions or concerns.
Bill Evans, President and CEO
Canadian Linen & Uniform Service
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