Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Compass buys Hong Kong's Shing Hin Catering Group

Compass buys Hong Kong's Shing Hin Catering Group

Compass Group shows no sign of leaving the international acquisition trail after it snapped up another overseas catering operation, this time in Hong Kong.

The global food service business today announced that its subsidiary, Compass Group Hong Kong, had acquired Shing Hin Catering Group from Mr Au-Yeung Kwan.

Shing Hin generated annual revenues to 31 December 2010 of HK$159.4m (£12.7m) and gross assets at that date were HK$17.2m (£1.4m).

In a statement made to the London Stock Exchange, Compass said the latest acquisition strengthened its existing food services business within the education and B&I sectors in Hong Kong and would reinforce the platform for further development into the fast-growing Chinese market.

Last month Compass announced it had bought Elior's business in the Netherlands as well as BGP Resurs in Sweden. Prior to that it announced the acquisitions of Menke Menue in Germany, Chiyoda Food in Japan and Spanish caterer Sabora.

Compass Group continues international spending spree >>

Compass buys Elior's Dutch business and Sweden's BGP Resurs >>

Compass posts half-year revenue of £1b, thanks to acquisitions >>

By Janie Stamford

E-mail your comments to Janie Stamford here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking