Compass continues £140m acquisition spree with more European buyouts

 
Kasmira Jefford
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CATERING firm Compass Group yesterday announced the latest in a string of acquisitions of small food services businesses as part of its £140m overseas expansion plan.

The firm said it will buy BGP Resurs, based in northern Sweden, for SEK16m (£1.6m). BGP posted revenues of 26.5m SEK in 2010.

“The acquisition of BGP provides a valuable platform from which to grow our food service business in the north of Sweden,” said Compass.

Compass Nederland has also been given the go-ahead to buy Elior, a French caterering business based in Holland, for an undisclosed sum.

The global catering company has bought eight small to medium-sized businesses so far this year in countries including Germany, US and India.

In its interim statement last month, Compass said it has put aside around £140m for acquisitions in the first half of the year, with more projects in the pipeline.

Compass MD Ian Sarson has been on the acquisition trail since
taking the role last year