ARAMARK and Pfizer Build On 40-Year Partnership With New Facility Services Contract.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 19, 2002 ARAMARK (NYSE NYSE See: New York Stock Exchange :RMK RMK Remark (Weather METAR) RMK Rocky Mountain King (Polaris Snowmobiles) RMK Remarks RMK Resource Manager Kernel ), a world leader in managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , announced today that it is expanding its longstanding partnership with Pfizer by providing facility services for Pfizer's Global Research & Development facility located in Groton, CT. ARAMARK has managed food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and for Pfizer for over 40 years and currently serves 26 facilities around the country. The new contract would bring total estimated annual sales at the Pfizer Groton facility to approximately $9 million. The new contract calls for ARAMARK, through its ARAMARK ServiceMaster Facility Services business, to manage facility services including custodial and technical cleaning. ARAMARK will also create a service response center that will manage ARAMARK resources, delivering a number of additional support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the campus. ARAMARK ServiceMaster Facility Services is the organization formed following ARAMARK's acquisition of ServiceMaster's Management Services business. "This is an example of how we can provide a broader managed services solution to long-standing clients through our expanded offering of services," said Joseph Neubauer, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARAMARK. "We look forward to providing support to the physical environment of this important facility so that Pfizer can focus on the critical area of research and development." Pfizer Inc. is a research-based, global pharmaceutical company. The company discovers, develops, manufactures and markets leading prescription medicines, for humans and animals, and many of the world's best-known consumer brands. At the Pfizer Global Research & Development site in Groton, CT, researchers investigate new therapies for a broad range of diseases, including central nervous system disorders Nervous system disorders A satisfactory classification of diseases of the nervous system should include not only the type of reaction (congenital malformation, infection, trauma, neoplasm, vascular diseases, and degenerative, metabolic, toxic, or deficiency , inflammatory diseases, immunological disorders, cancer, diabetes, obesity and osteoporosis. As a leading provider of facility services, ARAMARK serves the healthcare, education, business and industry sectors in the U.S. and Canada and with licensees in approximately 25 other countries. The business has annual net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately $1 billion and provides a complete range of services including environmental, clinical equipment maintenance, facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , facilities engineering and capital program management. About ARAMARK ARAMARK is a $9 billion world leader in providing managed services -- including food, facility and other support services, uniform and career apparel, and childcare and early education. ARAMARK has leadership positions serving the business, education, healthcare, government, sports and recreation sectors. In 2002, ARAMARK is rated No. 1 in the outsourcing services category in FORTUNE Magazine's 'Most Admired Companies in America' and is among the Top 50 companies overall. Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving customers in 17 countries. Additional information on the company is available at www.aramark.com. |
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