Sodexo to acquire CRH Catering, further accelerating growth in convenience in North America
SODEXO S/ADR (SDXAY)
NASDAQ:AMEX Investor Relations:
sodexo.com/home/finance.html
Company Research
Source: GlobeNewswire
Paris, November 12, 2024. With the acquisition of CRH Catering, premier convenience solutions provider and one of the largest independent operators in the Mid-Atlantic region, Sodexo is building on its food model transformation by expanding its InReach offerings and footprint in the fast-growing, $30-billion U.S. convenience market. With CRH Catering, Sodexo is reinforcing its territorial presence in the East Coast and broadening its multi-channel offerings with additional micro-markets, vending, office coffee, pantry, fresh food and on-site food services. CRH Catering’s commissary will also accelerate strategic synergies between offsite production and convenience in key Northeast and Mid-Atlantic markets, supporting Sodexo’s target to reach $500 million in revenue from InReach by end 2025. This new acquisition reflects Sodexo's ambition to upgrade and scale its new food distribution models to address fast-changing consumer needs and behaviors, such as grab-and-go fresh foo
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