Foodbuy enhances procurement capability with acquisition of e-foods
Compass Group UK & Ireland, the UK’s largest food and support services business, has acquired e-foods which will sit within Foodbuy, Compass’ procurement business. e-foods, based in Manchester, provides purchase to pay solutions and supply chain management with a strong portfolio of care home clients and supplier relationships.
The acquisition will see Foodbuy bring its cross-sector expertise to the e-foods business, helping to bring additional value to clients and customers, whilst allowing an enhanced food sourcing and service offering. There is great synergy between the businesses, that have shared values and a strong sustainability focus. The additional coverage and purchasing power, will help Foodbuy continue to deliver better than market value for its clients.
e-foods’ Senior Management Team will stay in place and will continue to operate under the E Foods brand.
Commenting on the acquisition Karl Atkins, Managing Director for Foodbuy said: “I am delighted to welcome e-foods to our business. It is a fantastic company, with a strong client base. There are many synergies in relation to the sectors in which we work and also the many supplier and client relationships it has. I am looking forward to getting to know the team. With inflation continuing to rise, this acquisition enables us to continue to deliver greater protection of supply and added value for our clients.”
Paul Mizen, Managing Director of e-foods added: “We are looking forward to joining the Foodbuy family. We are really proud of the business we have built over the last 18 years and believe by sharing our expertise with the Foodbuy team we can identify further opportunities for growth and continue to provide our clients with great food, products and service.”