Benzinga | Jan 31, 2022 06:26AM EST

Merlin Entertainments Names Aramark As Food And Beverage Partner

* Aramark (NYSE:ARMK) has been named a food and beverage partner by England-based Merlin Entertainments. The financial terms were not disclosed.

* The multi-year contract will be executed in five of Merlin's locations in the U.K. and two in the U.S.

* Aramark will be introducing food and beverage programs coupled with technology solutions to make it easy and convenient for visitors across the seven locations to navigate the varied choices.

* Food and beverage operations at the respective attractions will begin to operate under Aramark from March 2022 in the U.K., with the transfer expected to complete by March-end 2023 in the U.S.

* Price Action: ARMK shares closed higher by 1.67% at $33.50 on Friday.