CGA Prestige found that rising foodservice inflation has been the result of factors such as the lower than usual supply of key items and the weak pound.
The new deals equated to £12.5m in turnover over the duration of the contracts.
The new agreement will see Elior’s existing operating brand, ‘Murrayfield Experience’, evolve and rebrand as ‘Scottish Rugby Hospitality’.
Underlying operating is at £121.4 million, up 18.2% at constant currency. Revenue is at £1,990 million, up 5% at constant currency.
Blair joins from Diageo to lead the company across all FrieslandCampina brands, including flavoured milk drink YAZOO and OPTIWELL yogurt drinks.
The research by commercial insurer NFU Mutual found that over half of consumers (53%) said they would increase spend on eating out, weekend breaks and leisure.
The company also reported EBITDA increased 29.1% to £2.68 million and profit before tax up by 95.1% driven by improved efficiencies and scale.
The acquisition will see the directors of Foodfellas retain a significant shareholding in the new business and work collaboratively with CP Foods to continue to grow the business.
The acquisition will take place in two stages, with SSP acquiring a 33% stake for an estimated net consideration of £39.0 million in February 2017, and a further 16% acquired by the end of 2018 f
Matthew Algie will continue to operate as a standalone entity, but it is hoped the deal will allow for further expansion.