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Nisbets acquires Space Catering
Avonmouth catering company Nisbets has acquired a controlling stake in Space Catering (UK) Ltd, the holding company of Space Catering Equipment, Space Interior Contracts, and Holmes Catering Equipment Solutions. Space Group acquired Holmes Catering Equipment Solutions at the end of 2014 and turned the company around from loss-making to profit in the last year.
Founded in 2000, Space will add furniture and fit out capabilities to Nisbets existing catering and equipment capabilities. The senior management team will remain in place and trading will continue out of Space’s Gloucester headquarters.
Managing Direct Ian Bidmead said: “It will be largely ‘business as usual’ for customers, staff and suppliers alike, as this is an ‘arms length’ acquisition, but we are fortunate to have the backing of such a large and respected organisation as Nisbets behind us, and all of the team are extremely positive about the change.”
Paul McMahon, MD of Nisbets commented: “We are very excited by this deal at Nisbets. We see this giving added value service to both sets of customers, which can only be good for business.”
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