Elior Group
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| Traded as | Euronext Paris: ELIOR
CAC Mid 60 Component |
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| ISIN | 🆔 |
| Founded 📆 | |
| Founder 👔 | |
Area served 🗺️ | |
| Members | |
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| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
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Elior is a French multinational company specialized in contract catering and services, with operations in six countries spread over three continents; Spain, the US, France, India, Italy and the UK.
History[edit]
The Group was founded in 1991 by Robert Zolade and Francis Markus, who together acquired a 35% stake in Générale de restauration, a subsidiary of Accor, a French player specialized in contract catering. The Group developed its activities in the UK, Spain, Italy and France by way of acquisitions and partnerships. In 1998, it adopted the name of Elior and focused on two activities: contract catering, via Avenance, and concession catering, via Eliance.
In 2000, Elior was floated on the Euronext in Paris. Between 2001 and 2006, Elior’s international expansion was notably the result of partnerships forged with Serunion and Areas in Spain,[1] where it became leader in contract catering. Other acquisitions followed in Italy, France and the UK.
In 2006, Robert Zolade and two investor partners acquired 100% of the capital and voting rights of Elior and withdrew the share from the stock market.
The Group pursued its development in Europe and expanded its activities in the United States on the airport and then the motorway markets. With the successive acquisitions of FMC, GHS and Sin & Stes,[2] the Group strengthened its multi-service offering.
In 2011, the Group regrouped its activities under the Elior brand. In 2012, Elior acquired Ansamble[3] and consolidated its positions in Italy.
In 2013, Elior penetrated the US contract catering market via the acquisition of TrustHouse Services, a company in the education and health markets in the US.[4]
Elior returned to the stock market in June 2014 when it was floated on the Euronext Paris[5] and integrated the SBF 120 in March 2015.[6] In July 2015, Elior became the sole shareholder of Areas.[7] The Group also reinforced its contract catering positions in the US with the acquisitions of Starr Catering Group[8] and Abl Management, specialized in contract catering in prisons and universities.[9]
In March 2016, the North American subsidiary took the name of Elior North America and acquired Preferred Meals[10] (a company specialized in contract catering and home-delivery on the education and seniors markets). In July 2016, Elior Group announced the acquisition, via its subsidiary Elior UK, of Waterfall Catering Group,[11] thereby reinforcing its positions on the education, health, social services and corporate markets.
In November 2016, Elior Group penetrated the Indian market with acquisitions of MegaBite Food Services and CRCL.[12]
In 2017, Elior Group pursued its expansion in contract catering in the US with the successive acquisitions of CBM Managed Services,[13] Lancer Hospitality,[14] Abigail Kirsch, Corporate Chefs,[15] Design Cuisine and Sidekim.
At its meeting on July 26 2017, the Board of Directors voted to modify the Company's one-tier corporate governance structure and separate the functions of Chairman and CEO.[16] In July 2018, Elior Group acquired Bateman Community Living,[17] a US company specialized in senior nutrition.
On April 24 2019, Elior Group announced that it had received a binding offer of €1,542 million from PAI Partners to acquire its concession catering operations grouped within its Areas subsidiary.[18] The closure of the deal, for a total net amount of around €1.4 billion was announced on July 1, 2019.[19]
Activities[edit]
Elior Group operates two divisions: · Contract catering, essentially under the Elior brand, · Services, essentially under the Elior Services brand
References[edit]
- ↑ Elior conclut deux alliances stratégiques avec Areas et Serunion et deviendra No. 1 de la restauration collective concédée en Espagne sur le site de EduBourse
- ↑ Elior poursuit sa diversification avec Sin&stes sur le site Les Echos
- ↑ Elior acquiert Ansamble et devient coleader en France sur le site Les Marches - l'agroalimentaire au quotidien
- ↑ "Elior acquiert TrustHouse Services aux Etats-Unis". neorestauration.com. Retrieved 10 October 2020.
- ↑ "Elior s'introduit sur Euronext". Euronext. 11 June 2014.
- ↑ "Le Groupe Elior annonce son intégration à l'indice SBF 120 | Business Wire". www.businesswire.com. Retrieved 2015-03-24.
- ↑ Elior: détient désormais 100% du capital d'Areas
- ↑ "Elior rachète Starr Restaurant Catering Group dans le haut-de-gamme aux USA". Investir (in français). Retrieved 2019-07-16.
- ↑ Elior rachète la société américaine de restauration collective ABL Management sur investir.lesechos.fr
- ↑ Bourse, Zone. "Elior Group : réalise l'acquisition de Preferred Meals. | Zone bourse". www.zonebourse.com (in français). Retrieved 2019-07-16.
- ↑ Elior Group (2016-07-19). "Elior Group fait l'acquisition de Waterfall Catering Group au Royaume-Uni" (in français). Retrieved 2017-05-10.
- ↑ Elior Group (2016-11-18). "Elior Group fait son entrée sur le marché indien avec l'acquisition des sociétés MegaBite Food Services et CRCL" (in français). Retrieved 2017-03-16.
- ↑ "Elior: acquisition aux Etats-Unis". VotreArgent.fr (in français). 2017-11-30. Retrieved 2019-07-16.
- ↑ Elior Group (2017-04-04). "Elior Group renforce ses positions en restauration collective aux États-Unis avec l'acquisition de Lancer Hospitality" (in français). Retrieved 2017-05-03.
- ↑ http://www.fusacq.com/buzz/elior-group-acquiert-l-americain-corporate-chefs-a130957.html Elior group acquiert l'américain Corporate chefs
- ↑ "Elior Group annonce la dissociation prochaine des fonctions de président du conseil d'administration et de directeur général du Groupe, et modifie sa gouvernance". Elior Group (in français). Retrieved 2017-11-02.
- ↑ "Elior : acquisition de Bateman Community Living aux Etats-Unis". Boursier.com (in français). Retrieved 2019-07-04.
- ↑ "Elior cède sa filiale Areas au fonds PAI Partners pour 1,54 milliard d'euros". FIGARO. 2019-04-24. Retrieved 2019-07-04.
- ↑ "ELIOR a réalisé la réalisation de la cession d'Areas". Capital.fr (in français). 2019-07-01. Retrieved 2019-07-04.
External links[edit]
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