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Centerplate Ultimate Holdings Corp history
Centerplate Ultimate Holdings Corp company history timeline
The company's first big success came at Chicago's 1933–34 World's Fair, where his Automatic machines dispensed affordable sandwiches, cakes, pies, ice cream, candy, and cigarettes to the visiting masses.
The company's first big success came at Chicago's 1933-34 World's Fair, where his Automatic machines dispensed affordable sandwiches, cakes, pies, ice cream, candy, and cigarettes to the visiting masses.
1954 Canteen lands its first major league baseball park concessions contract in Kansas City.
The company changed its name to Canteen Corporation in 1966.
"Hard Times in Vending Field," New York Times, May 31, 1969.
In 1971, Canteen's Nationwide Concessions division operated in sports stadiums and recreation areas such as Yankee Stadium and Yellowstone National Park.
Citing antitrust regulations, the United States Justice Department forced ITT to divest a number of its holdings, including Canteen, and in 1973, Trans World Airlines, Inc. bought the company for a mere $132 million.
In 1980 Canteen, officially a subsidiary of Trans World Corporation, had become the largest vending machine business in the United States with annual revenues of $850 million.
"Nathaniel Leverone Dies at 84; Canteen Corporation Founder," New York Times, January 29, 1982.
1985 Volume Services is acquired and folded into Canteen's sports and recreational foodservices operations.
1990 Canteen's headquarters is moved to Spartanburg, South Carolina.
In 1994, Flagstar agreed to sell Canteen's vending and foodservices businesses, except for its Volume Services division and TW Recreational Services, to London-based Compass Group PLC for $450 million.
The company, which had 80 accounts and about $20 million in annual revenues in 1995, was sold for $75 million.
Waddell, Ray, "Volume Services Puts Spin on Fare at Lansing Park," Amusement Business, April 29, 1996, p 16.
Acquisition of Rival Company: 1998
By April 2000, Volume Services America had realized $4.3 million in cost savings from the acquisition of Service America, and in the process regained more positive ratings from market analysts.
Sales for 2002 totaled $577 million, with a net income of $4.5 million.
2003 Unique public offering is launched; name is changed to Centerplate.
At the start of 2004, Centerplate had contracts with 68 sports facilities throughout the United States and Canada, as well as 30 convention centers and 31 other entertainment facilities in the United States.
Turmoil at the top levels of Centerplate management continued in March 2006 as MacPhail, CEO for only six months, left the company.
―――――――, "Janet Steinmayer: Industry Vet Steps up at Centerplate with Renewed Focus on Culinary and Service," Nation's Restaurant News, March 27, 2006.
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