A North Somerset procurement firm has been acquired for an undisclosed sum by a business that belongs to the FTSE-100 catering group Compass.
Weston-super-Mare-based Regency Purchasing Group, which sources products, services and supplies for more than 3,500 leisure and hospitality businesses across the UK, has been purchased by competitor Foodbuy Europe.
Law firm Osborne Clarke, which advised Birmingham-based Foodbuy on the deal, said the two firms would share “a partnership approach to operations” following the agreement.
