CH & Co acquired the catering unit of Mitie Group for £85m.

CH & Co, a catering and hospitality company, acquired the catering unit of Mitie Group, a British strategic outsourcing and energy services company, for £85m ($103m). As part of the deal, Mitie and CH&CO will enter into a strategic partnership ensuring that the "Gather & Gather" catering offer remains exclusive to Mitie's clients as its only Integrated Facilities Management sector partner. Phil Bentley, Chief Executive Officer, Mitie Group, commented: "Mitie's strategy is to invest in our core technology-led facilities management services - such as Security, Cleaning and Engineering Services - where we have a leading market position. Gather & Gather is a niche player in the £4 billion UK contract catering market. By teaming up with CH&CO at this time, we believe this ensures the best choice and competitive pricing for our clients, whilst releasing funds for reinvestment and strengthening our balance sheet."