What does "celebrate an addition" mean in this passage ?
Our company, Office Works, is seeking a place to hold a banquet. We will honor our top emplayees at this even, which will include dinner followed by speeches and the presentation of awards. At the same time, we plan to celebrate an addition to our company.
Q1 dinner followed by speeches and the presentation of awards
Does this mean speeches and the presentation will happen "after" dinner ?
I am kind of confused by "followed by"
Q2 What does "celebrate an addition" mean in this passage ?