- Press Release - NEWS AND MEDIA
Elior strengthens its position in catering to the City of London with the acquisition of Lexington
Elior pursues its growth strategy in the UK with the signing of an agreement for the acquisition of Lexington.
Lexington is a respected caterer in the City of London with a strong portfolio of leading London organisations. It has turnover in excess £30 million and a combined team of over 650 employees.
Lexington was established in 2002 by Mike Sunley, Katharine Lewis and Rachel Lindner. It currently holds contracts across London and the South East of England, including leading law firms, hedge funds and creative agencies.
Tim West, Chairman of Lexington, will be appointed as Director and Non-Executive Chairman of Elior UK. Mike Sunley will be Chief Executive of Lexington, joining Catherine Roe, Chief Executive of Elior UK on the Executive Committee.
Gilles Petit, CEO of the Elior Group said: "We are very pleased to welcome the Lexington teams into the Elior Group. This acquisition allows us to achieve a value-creating transaction and develop our position in the UK. It also reflects our focused growth strategy, which is to focus on markets where Elior has strong positions.”
Catherine Roe and Mike Sunley commenting on the deal said: “It will be business as usual for our respective clients. The added market presence this agreement brings will provide additional resources and many opportunities for our people and our individual brands, which we believe is a very exciting prospect for all of us and importantly our highly valued clients and customers.”