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04.08.2015 07:30:00
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Acquisition - Elior strengthens its position in contract catering in the United States with the acquisition of Starr Restaurant Catering Group
Regulatory News:
Today, Elior (Paris:ELIOR) announced that it has acquired Starr Restaurant Catering Group (SRCG), a high-end restaurant and catering group based in the United States. Founded in 2008, SRCG currently operates multiple sites primarily in New York, Philadelphia and Miami. SRCG generated revenue of some $40 million in 2014 and is a market leader in providing high level full-service catering to a clientele that includes corporations, non-profit organizations and cultural institutions. The Starr Catering brand also enjoys a best-in-class reputation for providing unique visitor dining, cafes and restaurants in marquee venues such as the Philadelphia Museum of Art, the New York Historical Society and the Perez Art Museum in Miami. In addition, New York, Philadelphia and Miami are three high-potential regions that will act as springboards for Elior to extend its geographical footprint within the United States.
Philippe Salle, Chairman and Chief Executive Officer of the Elior group, stated: "We are delighted to welcome SRCG experienced and professional teams on board at Elior. Over the last few years they have demonstrated their company’s growth potential thanks to their innovative trends and concepts. As a result of this new acquisition in the United States we will continue to strengthen our position in North America.”
Simon Powles, Chief Executive Officer of SRCG, said: "By teaming up with the Elior group, SRCG will be able to accelerate its pace of expansion in new market segments and leverage the benefits of being part of an international group, from both a commercial and operational perspective.”
Elior has been present in the U.S. contract catering market since 2013, when it acquired TrustHouseServices. It currently employs some 7,000 people in the USA, in 47 states.
In case of discrepancy between the French and the English version of this press release, the French version shall prevail.
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About Elior
Founded in 1991, Elior has grown into one of the world's leading operators in the contracted food and support services industry, generating revenue of €5,341 million in FY 2013-2014 through 18,000 restaurants and points of sale in 13 countries. Driven by an unwavering commitment to excellence, our 106,000 passionately professional employees provide personalized catering and service solutions on a daily basis to 3.8 million customers in the business & industry, education, healthcare, leisure and travel markets, taking genuine care of each and every person they serve. We place particular importance on corporate social responsibility and have been a member of the United Nations Global Compact since 2004. Our corporate philosophy – which is centered on quality and innovation as well as responsible relations with others and the community at large – is reflected in our motto: "Because the whole experience matters."
For further information please visit our website : www.elior.com or follow us on Twitter @Elior_France/@Elior_Group |
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803006236/en/
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