School meals provider sold for €54m being sued for allegedly misleading buyer

Compass says it became clear there was previously an undisclosed problem with Glanmore's billing system in relation to overcharging errors for hot meals

Glanmore provides pre-packaged hot and cold meals and snacks to around 450 primary and secondary schools in disadvantaged, or DEIS (Delivering Equality of opportunity In Schools) areas. File photo

A family-owned school meals provider, which was bought out for some €54m, is being sued in the Commercial Court by the purchaser, who claims it was misled about the financial state of affairs of the business.

In 2023, Compass Catering Ireland Ltd, part of a global food services group, acquired CNB Investments Ltd, which held the entire share capital in Glanmore Foods Ltd.