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Waterfall Catering acquired by Elior Group in latest industry consolidation

21 July 2016

Elior Group has announced it has acquired Waterfall Catering Group through its Elior UK subsidiary for an undisclosed sum.

The move is described as "significantly" strengthening Elior's position within the UK contracted food sector through the Waterfall focus on the growing education and care markets.

Waterfall currently has 803 sites across the UK, following high levels of growth over the last decade.

It generated revenues of around £70m last year and employs approximately 3,500 people.

Waterfall's route to market is through its care specialist Caterplus and education specialist Taylor Shaw divisions.

Elior Group chairman and chief executive officer Philippe Salle said the move is part of its 2016-2020 strategic plan to "expand our presence in priority markets".

Mr Salle outlined Waterfall's "strong client portfolio" and said its "outstanding expertise" will contribute to Elior's aims to be "part of the top contract caterers in the UK market and double the size of the activity there by 2020".

Elior's latest acquisition follows its previous purchase of Lexington Catering in September 2014.

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