Aramark buys Avendra

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Business Finance

Description

Aramark buys Avendra Why? What is in it for Aramark? Is there a winner or loser? What strategic play does this accomplish for Aramark? Again, think about the topic from a mission perspective or how this might round out their business or expand into a new direction...again the WHY?

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Running head: ARAMARK BUYS AVENDRA

Aramark Buys Avendra
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ARAMARK BUYS AVENDRA

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Aramark Buys Avendra

Aramark is a top listed food service company that serves almost 500 companies and
institutions around the world. The company decided to buy Avendra which is a hospitality
procurement company at a price of $1.35 with the aim of strengthening the company’s
competitive position in the market and improving customer services (Heller, 2017). This
translated to an improvement in operating performance and financial flexibility for Aramark
which would help them build a sustainable shareholders base. Both the company will
interchangeably be relying on each other in accomplishing their goals thus both of them
benefiting from the merge.
Strategic Play That Acquiring Avendra Accomplished For Aramark
Aramark will relay on Avendra for procurement which is an effective management
support function to gain a competitive advantage over their competitors. It will be the role of the
procurement c...


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