Benzinga | Dec 17, 2021 09:18AM EST

Aramark Acquires UK Foodservice Company Wilson Vale For Undisclosed Sum

* Aramark (NYSE: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.