Compass buys Swissair catering businesses

Compass has bought up a handful of Swissair's catering businesses for £41m.

It has acquired Restorama, Rail Gourmet Holding and parts of the Gourmet Nova business.

The sale of the businesses was approved by a Swiss court last Friday.

Compass, which owns Little Chef roadside cafes and Au Bon Pain food counters, has made eight other acquisitions in the past year.

Chief executive Michael Bailey says: "These acquisitions are an excellent strategic move for the group.

"Rail Gourmet, Restorama and Gourmet Nova are businesses with strong reputations in their target markets, augmenting the group's existing business in these sectors."

Mr Bailey adds: "We are delighted to be able to welcome the employees, clients and customers of these three organisations to Compass Group."