Aramark confirms purchase of Graysons Hospitality
Foodservice company Aramark has confirmed it has purchased contract caterer and restaurant operator Graysons and its event catering arm By Word of Mouth.
The US-based company acquired the business last year for an undisclosed sum as part of its UK strategy, managing director Helen Milligan-Smith said.
Graysons, which was formed in 2008 by ex-Compass Group chairman Sir Francis Mackay specialises in the management of events venues as well as workplace restaurants and hospitality suites, and has around 50 sites in its portfolio. In its last published accounts for the six months to 2 January 2022 (following a change in reporting to bring it into line with its parent business) Graysons reported turnover for the half-year of £11.9m and an operating profit after dedictions of £676,000.
Last year Graysons business development director Simona Oproiu told The Caterer that the business had landed a number of new contracts in quick succession, inluding Painters' Hall, home to the Worshipful Company of Painter-Stainers, and Farmers & Fletchers, both in London and together worth £6m in turnover over five years, along with a a three-year, multimillion-pound contract with the University of Greenwich. She predicted that it was on track to record £42m of revenue by the end of 2022.
Milligan-Smith, who was appointed a director of the business on 12 January 2023, said: "Both businesses are renowned for their use of high-quality ingredients, individualised menus, talented people and their outstanding approach to fulfilling client and consumer needs.
"They are operating with autonomy under their own brand, and the management team and all employees have remained in place."
Aramark is based in Pennsylvania and provides food service, facilities and uniform services to hospitals, universities, school districts, stadiums and other businesses around the world.
The deal for Graysons follows its acquisition of Wilson Vale in 2021, which was bought to enhance its portfolio capabilities for small, premium business and industry clients and independent schools in the UK.
At the time of writing, Aramark had not commented on the purchase price.
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