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Caterer Compass Group to buy buy rival CH&CO in £475m deal
(Sharecast News) - Caterer Compass Group confirmed on Monday that it has agreed to buy rival CH&CO in a £475m deal. Compass said CH&CO has a highly regarded management team and a long track record of strong performance "delivering a bespoke and high-quality food offer through several sector brands".
The company, which provides services in the UK and Ireland, currently generates annual revenues of around £450m and operates across a range of sectors, including business & industry, sports & leisure, education, and healthcare.
Compass chief executive Dominic Blakemore said: "CH&CO is a highly regarded food service business in our industry. This proposed acquisition combines the best of the two companies: our shared passion for people, great food, and focus on sustainability.
"With CH&CO's strong brand identity and a broad geographic reach, we would be able to further enhance our customer proposition, helping us capitalise on the significant growth potential in the market."
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