Sodexo signs an agreement to acquire AH Management to accelerate the transformation of its restaurant model and its development in North America – 07/24/2023 at 08:30


Paris, July 24, 2023

With the acquisition of AH Management, an independent convenience foodservice distributor, Sodexo will enhance its InReach foodservice offering in the fast-growing take-out snacking and vending market in North America. AH Management, the leading operator in the Chicago area and southeastern Wisconsin, is one of the largest players in the American Midwest.

Sodexo is accelerating its strategy to transform its restaurant model to meet the rapidly changing needs and behaviors of consumers in hybrid work environments and will expand its convenience restaurant offering by strengthening its territorial footprint in North America. This latest operation reflects Sodexo’s strategy to renew current catering models and, in particular, to reinvent on-site catering offerings.

This new acquisition represents a further step in the transformation of Sodexo’s restaurant model in the United States. It follows on from the acquisitions of Frontline Food Services in 2022, the food-tech start-up Foodee and the off-site production unit Nourish.Inc in 2021.

With AH Management, Sodexo will complete and expand its multi-channel offering, including convenience stores, vending machines, coffee machines, connected refrigerators, water coolers, catering and on-site dining services in the Midwest, northern Illinois and southern Wisconsin, as well as the urban areas of Chicago and Milwaukee.

Founded in 1939, AH Management is a family business serving clients in all market segments. Over the years, it has become one of the largest independent carriers in the United States and has a solid reputation for excellent customer service.

The completion of this acquisition is expected in the coming months.

“The acquisition of AH Management is a new step in the enrichment of Sodexo’s multi-market InReach offer in North America. It will complement our current solutions to better meet evolving customer and consumer expectations, and achieve our ambition to become the leader in sustainable food and high-value experiences,” said Sarosh Mistry, President North America.

Mark and Craig Hesch, President & CEO of AH Management, said: “We are very pleased to join InReach from Sodexo. We share the same values, culture and objectives whether it concerns our employees or our customers, with special attention to consumers in order to offer them a quality break experience. We look forward to playing a vital role in InReach’s success! »

About Sodexo

Created in 1966 in Marseille by Pierre Bellon, Sodexo is the world leader in sustainable food and

experiences with high added value, at all times of life: education, work, care or entertainment. Present in 53 countries, our 422,000 employees serve 100 million consumers every day. The Group stands out for its independence and its shareholder structure, its responsible business model and its portfolio of activities including Food and Facilities Management services and employee benefit solutions. This diversified offer responds to all day-to-day challenges with a dual objective: to improve the quality of life of our employees and all those we serve, and to contribute to economic and social development as well as environmental protection within the communities where we carry out our activities. For Sodexo, growth and social commitment go hand in hand. Offering a better daily life to everyone to build a better life for all is our raison d’être.

Sodexo is a member of the CAC Next 20, CAC 40 ESG, CAC SBT 1.5, FTSE 4 Good and DJSI indices.

Key figures

  • 21.1 billion euros in consolidated revenue for the 2022 financial year

  • 422,000 employees as of August 31, 2022

  • #2 private employer based in France worldwide

  • 53 countries

  • 100 million consumers every day

  • €15 billion in market capitalization (as of June 29, 2023)

About AH Management

AH Management Group provides innovative and personalized office catering, micro-market, vending machine and coffee machine services to businesses in the Illinois and Wisconsin markets in the United States. We offer a wide selection of healthy food options, premium varieties of coffee and tea. Driven by fresh and innovative catering solutions, our team of industry professionals is dedicated to providing customers and consumers with the best products on the market, along with exceptional quality and service.

Media contacts

Band

UNITED STATES

Nathalie Lambert

+33 6 83 57 35 67 [email protected]

Amanda Giffi

[email protected]

Attachment

  • PR_SDX acquisition agreement AHManagement_24 07 23



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