Acquisition

RNS Number : 3206L

Compass Group PLC

08 January 2009

 



Compass Group Acquires KIMCO Corporation North America

Compass Group PLC announces the acquisition of the North American KIMCO Corporation ('KIMCO') from the Tarson family.

With 5,500 employees, KIMCO provides predominately caretaking soft services to commercial and industrial customers across North America. The consideration, which was paid in cash, was US$75m with a further maximum US$15m performance related payment.  

Gary Green, Group Managing Director of Compass North America said: 'We are excited to be gaining such capable and experienced management talent through the acquisition of KIMCO, which enables us to deliver services to additional segments of the market, and which positions Eurest Services for continued growth in North America.'

- Ends - 

Notes to editors:

1.        Compass Group is the world’s leading foodservice company. We specialise in providing food, 

           vending and related services on our clients' premises and we generate annual revenues of around

           £11billion in the year to 30 September 2008. The company operates across the following core

           sectors of Business and Industry (B&I), Defence, Offshore & Remote Site, Healthcare, Education,

           Sports & Leisure and Vending with an established brand portfolio. For more information visit

           www.compass-group.com.

          
2.       Eurest Services is the Compass Group business and industry sector brand.

Enquiries:
Investors/Analysts	Andrew Martin	[phone]
Media	Chris King	[phone]

Website:

www.compass-group.com

 

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