News on 1 March 2001
Compass Group is to form a joint venture company - ADNH
Compass Middle East LLC - by merging its Middle East operations with
United Emirates based foodservice company Abu Dhabi National Hotels
(ADNH).
The new company will offer foodservice management across a wide range
of sectors including business and industry, education, healthcare, oil
and gas onshore and offshore, defence, leisure, retail and airports.
Compass Group invested US $63.5m in the new company which is situated
in a market estimated to be worth US $1.3bn. Chief executive Jérôme
Marrel, previously regional vice-president of Compass Group Middle East
and India, will lead the company.
Miguel Ramis, divisional chief executive, Compass Group, said: “We
are delighted to be joining forces with ADNH to form the major foodservice
company in the Middle East. The market has huge potential and I am confident
that our combined skills will enable us to increase our presence in
all market sectors”.
