Foodbuy Group aims to power the supply chain and add value to its partners beyond procurement, backed by decades of hospitality experience, with ambitious plans for further growth.
With a combined purchasing power of over £2bn across 70+ categories, Foodbuy Group create tailored solutions for client partners, helping them get the best possible value out of the supply chain.
Sub-sector specialist businesses including Regency Purchasing Group, Equinoxe, EF-Group, Zero Procure and TheProcurementCo are now operating under the banner of Foodbuy UK & Ireland.
These businesses offer a deep rooted understanding of specific sectors such as pubs and restaurants; QSR and casual dining; education, health and care; and hotels, travel and leisure.
The other divisions include the NHS Supply Chain team and the business will continue to be the sole supplier for its parent company Compass Group UK & Ireland.
Karl Atkins, chief executive of Foodbuy Group (UK & I), said: “We’re thrilled to offer our partners the best of both worlds – the benefits of scale from Foodbuy Group, and the operational sub-sector knowledge from Foodbuy UK & I’s independently run businesses who truly understand them.
“With Regency Purchasing Group’s founder Alex Demetriou at the helm of Foodbuy UK & I, I’m confident the company will drive further growth across multiple market sectors, while maximising savings and identifying new ways of bringing innovation to our long-standing and new client partners.”
With a network of 700+ supply partners, current and future suppliers will have the chance to increase volume, tap into growth opportunities across different sub-sectors, form direct relationships with operators and trial new innovations.
Alex Demetriou, chief executive of Foodbuy UK & I, added: “The creation of Foodbuy Group is hugely exciting and exceptionally well timed. While the industry is facing ongoing operational challenges and costs, by bringing together our purchasing power, we can deliver even greater value to our client partners and help them thrive.
“This latest move has also opened up new jobs – with 16 roles already filled and more across the UK currently advertised. It has also created huge opportunities for the suppliers and brand owners we partner with, as we can now further support them with the delivery of their innovation and development plans. I’m excited to see what we can achieve as a collective.”