Compass, the world’s largest foodservice group, has acquired Shing Hin Catering Group Limited in Hong Kong, from Mr Au-Yeung Kwan, through its subsidiary Compass Group Hong Kong Limited, for an undisclosed sum.
The company said that Shing Hin Catering generated annual revenues to 31 December 2010 of HK$159.4m (£12.7m) and that gross assets at that date were HK$17.2m.
The group said that the acquisition strengthened its existing foodservices business within the education and business & industry sectors in Hong Kong and would “reinforce the platform for further development into the fast growing Chinese market”.
