Compass Group India, a subsidiary of global foodservice giant Compass Group, has acquired a 70% stake in food and beverages company ICS Foods.
Financial terms and other details of the transaction have not been disclosed.
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The move marks a significant expansion for Compass in the Indian market, where the Delhi-based ICS Foods has established a strong presence.
ICS Foods, founded in 1983, has a portfolio serving 70 clients across multiple manufacturing sites in ten states in India.
With a workforce exceeding 2,500, the company delivers 160,000 meals daily, showcasing its capacity as a trusted food partner for both domestic and international companies.
The acquisition by food services provider Compass Group India represents a major milestone in their growth journey.
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By GlobalDataBusiness Standard quoted Compass Group managing director Vikas Chawla: “With the growth of the manufacturing sector in India riding on the back of initiatives like ‘Make-in-India’, this strategic move aligns perfectly with our growth journey.
“By combining Compass Group India’s presence and culinary prowess with ICS Foods’ proven expertise in providing food services to the manufacturing sector, we will further strengthen our position in this area, while delivering high-quality, nutritious and sustainable solutions that are truly valued by our clients and consumers.”
This is the second major acquisition by Compass in India, where they offer comprehensive food services and cater to a clientele including Procter & Gamble, Google, Nestlé, Coca-Cola and Netflix.
Compass Group operates in 33 countries and employs 550,000 people, serving approximately 5.5 billion meals per year.
It has been delivering food services in India’s workplace, education and healthcare sectors since 2008.
Compass Group India’s operations span 450 client locations in 45 cities, providing over 750,000 meals every day and managing 200 million square feet of facilities space.
With a team of 32,000, the company leverages sector-focused expertise and global best practices.
ICS Foods CEO Debashish Yadav said: “This partnership presents an unparalleled opportunity to leverage our combined expertise in catering for the manufacturing sector.
“With this move, we will be able to significantly expand our reach and capitalise on the growth in India. We are confident that together we can deliver exceptional value to our clients, setting new benchmarks for service excellence in the industry.”
