Bewleys sells 55% stake in Campbells Catering

FOOD group Bewleys has sold off its 55% stake in Campbell Catering Services to its US joint venture partner.

Campbell Catering Services was set up by Bewleys and American food giant Aramark a couple of years ago and supplies contract catering to more than 300 clients including businesses, universities and hospitals in Ireland.

Aramark last year attempted to increase its stake from the original 45% to just over 63%, but the new deal will see the US outfit take complete control of Campbell Catering. It was not disclosed how much the Aramark will pay but the price is believed to be several million euros.