Sodexo acquires CRH Catering to dominate convenience services
- Sodexo has announced an acquisition of CRH Catering, a major player in the Mid-Atlantic convenience market.
- This acquisition aims to expand Sodexo's InReach services and address changing consumer behaviors in food distribution.
- The deal will enhance Sodexo's presence and service offerings in the Northeastern and Mid-Atlantic regions.
On November 12, 2024, Sodexo announced its plans to acquire CRH Catering, a leading convenience solutions provider based in the Mid-Atlantic region. This acquisition aims to enhance Sodexo’s food model transformation by broadening its service offerings across the $30 billion U.S. convenience market. With CRH Catering’s established presence in states including Pennsylvania and Virginia, Sodexo seeks to leverage strategic synergies, thereby improving its delivery of innovative retail options such as grab-and-go fresh food and healthier snacks. The acquisition is expected to close in the first half of Fiscal 2025 and is part of Sodexo's strategy to reach $500 million in revenue from its InReach services by the end of 2025. This partnership is poised to respond to the evolving demands of consumers and clients, especially in the context of hybrid work environments. CRH Catering brings advanced technology and efficient operational methods, including cashless vending systems and cloud-based inventory management. These strengths are anticipated to enhance Sodexo’s operational capabilities in the Northeastern and Mid-Atlantic markets. Sodexo continues its dual commitment to growing its business while contributing to social and environmental progress, reinforcing its standing in various stock indices and enhancing its overall market presence.