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April 13, 2020, 7:42 a.m. EDT

Aramark says its uniform services division will make PPE for health care workers

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By Ciara Linnane

Food services company Aramark /zigman2/quotes/204468030/composite ARMK +4.09% said Monday its uniform services division has shifted production lines to make much-needed personal protective equipment for health care and other essential workers during the COVID-19 pandemic. The Philadelphia-based company said the division will make scrubs, masks and isolation gowns, instead of its usual lab coats, work shirts, pants and coveralls. The company managed to convert its facilities in just one week and expects to produce millions of pieces of equipment once it is fully operational. A first shipment of scrubs and gowns was delivered last week and respirator and medical mask delivery is expected to begin mid-July. The PPE will be shipped from plants in Mexico to clients across the U.S. in the healthcare, pharmaceutical, biotech, medical device and other industries where it's needed. Shares rose 0.9% premarket but are down 46% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.05% has fallen 14%.

/zigman2/quotes/204468030/composite
US : U.S.: NYSE
$ 21.62
+0.85 +4.09%
Volume: 2.13M
July 10, 2020 4:00p
P/E Ratio
49.14
Dividend Yield
2.04%
Market Cap
$5.46 billion
Rev. per Employee
$58,637
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/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.41B
July 10, 2020 5:09p
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