Acquisition

RNS Number : 9429I

Compass Group PLC

23 June 2011

 



Compass Group Acquires Shing Hin Catering in Hong Kong

Compass Group PLC is pleased to announce the acquisition of Shing Hin Catering Group Limited in Hong Kong from Mr Au-Yeung Kwan by its Hong Kong subsidiary Compass Group Hong Kong Limited.  Shing Hin Catering generated annual revenues to 31 December 2010 of HK$159.4 million (£12.7 million) and gross assets at that date were HK$17.2 million (£1.4 million).

The acquisition strengthens Compass Group's existing foodservices business within the Education and Business & Industry sectors in Hong Kong and will reinforce the platform for further development into the fast growing Chinese market.

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Notes to editors:

About Compass Group PLC

Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of over £14.5 billion in the year to 30 September 2010. The company operates across the following core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare & Seniors, Education and Sports & Leisure with an established brand portfolio. For more information visit www.compass-group.com.

Enquiries:

Investors/Analysts/Media                                         Sarah John                                          [phone]

Website:                                             www.compass-group.com

 

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