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School catering company Pabulum agrees management buy-out of parent company, The Quarr Group

8th Jan 2018 - 12:57
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School catering company Pabulum has joined forces with two other Quarr Group businesses to agree a management buy-out of their parent company, which generates more than £70m a year in turnover.

Providing its catering services to 135 client sites, including primary, secondary and independent schools across the south of England, Pabulum's 1,000 employees work to “improve the next generation’s health and well being, by shaping the food culture in education that inspires a passion and love of fresh food – without compromise.”

 

Supported by a finance facility with banking partners, HSBC, Anthony Reed, area director for Hampshire and Dorset, said: “We (HSBC) have been a banking partner of The Quarr Group for more than 10 years and in that time, we’ve seen the business go from strength to strength.

 

“We look forward to continuing our valued, long term relationship with The Quarr Group as they move forward with this exciting new phase of growth.”

 

An MBO team spokesperson also commented: “We are absolutely thrilled to have acquired The Quarr Group. We believe, with the right investment in our people, we can further develop our already excellent proposition.

 

“Mountjoy, Nviro and Pabulum’s shared desire is to enhance the customer experience and be recognised as leading partners in our respective industries. Our values will remain as the cornerstone of our business.

 

“Working with our great people, we aim to deliver sustainable growth over the coming years whilst maintaining the high standards of service delivery our clients have come to expect.”


The group said that there will be no change to the existing staffing or Quarr management structure, which has an annual turnover in excess of £70million and employs over 3,000 staff across London and the south of England.

Written by
Edward Waddell