BWI: Compass Group Acquires Tirumala Hospitality Services in India

Press release from Business Wire India
Source: Compass Group
Tuesday, August 17, 2010 03:14 PM IST (09:44 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Banking & financial services, Business services, Hospitality, Media & entertainment
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Compass Group Acquires Tirumala Hospitality Services in India


New Delhi, Delhi, India, Tuesday, August 17, 2010 -- (Business Wire India) -- We are pleased to announce today the acquisition of Tirumala Hospitality Services Private Limited ("THS"') from Mr Ramkrishna Mankari and his family. THS is a strong regional player in the foodservice industry in Western India, specialising in the provision of catering services to the Business and Industry sector. The gross assets of the business acquired were INR 105.2m (£1.4m) as at 31 March 2010 with revenue for the 12 months to 31 March 2010 of INR 271.6m (£3.7m).

Notes to editors:

About Compass Group PLC

Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of over £13 billion in the year to 30 September 2009. The company operates across the following core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. For more information visit www.compass-group.com


CONTACT DETAILS
Lavang Asthana Khare, Hill and Knowlton, +91 (11) 42492104, lkhare@ipanhillandknowlton.com
Aparna Srivastava, Hill and Knowlton, +91 9811234594, asrivastava@ipanhillandknowlton.com
Komal Kakkar, Hill and Knowlton, +91 (11) 42492137, kkakkar@ipanhillandknowlton.com

KEYWORDS
CONSUMER, FOOD, BANKING, BUSINESS SERVICES, HOSPITALITY, MEDIA

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