Foodservice operator Catermasters has snapped up boutique Bite Catering in a bid to bolster its position in the B&I sector.
Catermasters said it had been actively looking to grow its presence in and around London and sees its acquisition of Bite, for an undisclosed sum, as a significant step towards achieving this goal.
Bite currently operates eight contracts in London, the Home Counties and the South East and has a turnover of approximately £2.2m. In addition to taking on these eight contracts, Catermasters has welcomed a 55-strong workforce to its ranks.
Nigel Johnson, joint managing director at Catermasters, commented on the deal: "Bite is a much smaller company than Catermasters but its approach to workplace catering and general business model is very similar to ours.
"Like Catermasters, Bite places a huge emphasis on using fresh, seasonal ingredients to cook fantastic food, employing the best people in the industry and running restaurants, coffee bars and delis that people inside the workplace genuinely want to use.
"Therefore, this acquisition is great news for both companies and myself and the rest of the Catermasters team are very much looking forward to working alongside our talented new friends at Bite."