Compass Group, a major player in the global catering industry, has unveiled its intentions to purchase CH&CO, a high-end contract caterer and hospitality services provider based in the UK, for an estimated first value of £475 million.
We're delighted that Compass wants to acquire CH&CO. The prospect of joining a leading global provider of food services offers huge potential for us and our clients. - Bill Toner
With over 1,000 sites across the UK and a client portfolio that includes prestigious institutions such as the Royal Opera House, Royal Botanic Gardens at Kew, and Tower of London venues, CH&CO is a well-established player in the food
services industry.
The deal will enable Compass Group to expand its reach and offerings, particularly in the workplace, sports, leisure, and tourism sectors, where CH&CO has a strong presence.
By merging CH&CO's well-known brands such as Gather & Gather, Vacherin, and Company of Cooks, Compass Group's already impressive food service offerings will gain additional credibility.
I have always admired CH&CO and its real passion for food. I believe that by combining our strengths the proposed acquisition will bring a multitude of benefits to clients, customers and employees. - Robin Mills
The acquisition is expected to bring significant benefits to both parties, including innovation, improved client experience, and a shared commitment to sustainability.
The £450m yearly earnings and extensive clientele of CH&CO will bolster Compass Group's business activities in the UK and Ireland.