Food & Beverage

Sodexo’s Centerplate Acquisition Seeks U.S. Growth

Sodexo, an international service company based in France, recently announced its acquisition of Centerplate, a U.S. provider of food and hospitality services at U.S. sports arenas, convention and entertainment venues, according to an online Reuters news report.

The deal, which includes a $675 million cash transaction is designed to strengthen Sodexo’s position in the U.S. sports and leisure market.

The group is expected to earn roughly $2 billion in revenue, with significant revenue and cost benefits growing out of the deal, the article said. The move also reflects Sodexo ...