Compass Group Agrees to Acquire CH&CO
Compass Group UK & Ireland has proposed to acquire the food business CH&CO. The deal is for an initial enterprise value of £475 million, with the...
Read Full ArticleCompass Group UK & Ireland has acquired Equinoxe Solutions, which will sit within Foodbuy, Compass’ procurement business.
Equinoxe Solutions, based in Essex, provides solutions in hospitality procurement, supply chain, systems management and facilities management. Their senior management team will stay in place and will continue to operate under the Equinoxe Solutions brand.
The acquisition will allow Foodbuy to enter the casual dining sector, which is an area which Equinoxe Solutions specialises.
Equinoxe joins pay solutions company E-Foods, which was also acquired by Foodbuy in July 2022.
Commenting on the acquisition, Karl Atkins, Managing Director for Foodbuy said: “Equinoxe Solutions is a fantastic company, with a strong portfolio of clients and relationships within the marketplace. I am excited that, together with our existing relationships, this acquisition will enable us to further enhance our client proposition, as well as providing a new opportunity for Foodbuy to operate in the casual dining sector.
Lee Parker, Co-Founder of Equinoxe Solutions added: “We are excited to be becoming part of the Foodbuy family. As a business and for our people, this is a fantastic step for us in our growth from where we began 15 years ago. Our clients remain our priority and we hope that through this acquisition we will be able to drive added value, opportunities and operational efficiencies for them.”
Picture: a photograph of Karl Atkins. Image Credit: Foodbuy
Article written by Ella Tansley | Published 05 September 2022
Compass Group UK & Ireland has proposed to acquire the food business CH&CO. The deal is for an initial enterprise value of £475 million, with the...
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