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(Sharecast News) - Travel outlet food operator SSP Group said it was expanding its North America operations through the acquisition of the concessions business of Midfield Concession Enterprise for an undisclosed sum.
The deal will give the Upper Crust owner 40 new units at seven airports, expanding its total presence on the continent to more than 30 of the 80 largest airports in the USA, including for the first time at Detroit Metropolitan Wayne County, Denver International, Philadelphia International and Cleveland Hopkins International.
SSP added that the deal would also expand operations at Minneapolis St Paul International, San Francisco International and Newark Liberty International.
The acquisition is expected to complete in late Summer, subject to all necessary approvals, and is expected to contribute an additional $100m to SSP's North America sales on an annualised basis.
Reporting by Frank Prenesti for Sharecast.com
