Newrest takes a stake in the Turkish company Pariltim Yemek

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Toulouse, 21 August 2019 – Newrest, the French specialist in out-of-home food service with more than 1.2 million meals served every day, is expanding to Turkey

Newrest has now expanded its existing Mediterranean operations and moved into the contract catering business by taking a 50% stake in the Turkish company Pariltim Yemek in partnership with founder Necat Aydin and his family.

The family-run company founded in 2009 is a leader in out-of-home food service in Turkey, with annual turnover of €50 million and 2,400 employees. Newrest supports the executive team led by Bahadır Aydin, son of Necat Aydin.

With this new stake, Olivier Sadran and Jonathan Stent-Torriani are affirming the Newrest Group’s desire to expand its strategic operations around the Mediterranean by diversifying its areas of business and expertise.

About Newrest

With origins in Group Catair in 1996 and founded by its Co-CEO’s Olivier Sadran and Jonathan Stent-Torriani, Newrest is the only major catering company active in all catering and related hospitality segments including airline catering, buy-on-board, duty-free on board, contract catering, remote site and support services, rail catering, airport and motorway retail.

With revenues under management of almost 1.9 Billion Euros in 2017-18 and 32,000 employees world-wide in 49 countries, Newrest is also the first largest ‘independent’ airline caterer world-wide.

At year end closing 2018 (September) Newrest is 94,58% management-owned, with its managers holding its capital (340 managers). The remaining capital is held by Private Equity Funds (3,5%) and Private Investors (1,92%).

Newrest is committed to constant improvement and innovation for its clients, the well-being and progress of its employees and managers, a sustainable and durable development of the company, and total respect of social and environmental values in all of its activities.

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