Compass acquires French caterer

5th May 2010 13:23

Caterer Compass has increased its presence in France with the acquisition of foodservice group Caterine Restauration from Industries & Finances Partenaires for €34m.Caterine Restauration provides catering services for schools and hospitals and according to Compass 'provides an excellent platform for Compass to continue its growth in these important sectors and offers many synergies with Compass's existing foodservice business.'Compass chief executive Richard Cousins 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.'