Compass buys French caterer Caterine Restauration

Compass buys French caterer Caterine Restauration

Compass Group has bought French food service business Caterine Restauration.

The French caterer, which specialises in the provision of services in the education and healthcare sectors, posted revenues of €41.8m (£35.8m) for the 12 months to 31 August 2009 with gross assets valued at €34m (£29m).

Richard Cousins, Compass Group chief executive, said: "We are delighted with this acquisition. Caterine Restauration provides an excellent opportunity for us to extend our presence in one of our key markets, as well as broadening our capabilities in food services."

The acquisition comes one week before Compass Group is due to announce its half-year financial results.

Currency movements will add £120m to annual operating profit at Compass >>

Compass boosts annual profits despite fall in sales >>

Compass Group sees full-year profits rise by nearly 30% >>

By Janie Stamford

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