Elior acquires remaining stake in sports stadia caterer Azure
Elior has taken full control of sports, stadia and leisure catering firm Azure.
Elior UK bought a majority share in Azure in 2004 from Charlotte Ventures and has now purchased the outstanding 49% shareholding.
Azure provides catering and hospitality at Glasgow Rangers, Kempton Racecourse and Durham County Cricket Club.
Catherine Roe, managing director of Concessions at Elior, said: "This strategically important move will primarily allow Azure to better leverage the significant backing that Elior offers as a top five catering company, whilst retained its focus as a sector specialist."
Adam Elliott, divisional director of Concessions said: "We believe that this move will not only benefit the company in access to investment and expertise, but will provide us with the complete independence to broaden our offer and focus on growth."
See our recent mini-profile on Elior UK in The Knowledge for more.
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By Chris Druce
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