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Compass Group to Buy Dutch Caterer Vermaat; Raises Guidance

Compass Group to Buy Dutch Caterer Vermaat; Raises Guidance

Compass Group CPG 0.40%increase; green up pointing triangle said it agreed to buy Dutch food services company Vermaat Groep for around 1.5 billion euros ($1.75 billion) including debt, and lifted its guidance for the fiscal year.
The U.K. catering contractor on Tuesday said Vermaat is on track to generate sales of around 700 million euros in 2025, with a double-digit operating margin.
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