Last checked at 1 Dec 2017 10:30
1 December 2017
Acquisition of Stockheim travel catering business
SSP Group PLC, a leading operator of food and beverage outlets in travel locations worldwide, has agreed1 to acquire part of the Stockheim group2, a travel concessions business based in Germany. The business operates 25 food and beverage outlets in airports and railway stations, including at Düsseldorf and Cologne, and had sales in 2016 of approximately €30m. The acquisition of these outlets will further strengthen SSP's presence in travel locations across Germany, and is expected to complete in early 2018.
Commenting on the deal, Oliver Dörschuck, CEO of SSP Germany, Switzerland, Austria and France said; "We are delighted to have acquired Stockheim. The business has some great brands operating in some key locations across Germany."
Notes:
(1) The agreement is subject to prior clearance by the German anti-trust authorities
(2) Stockheim (Hbf.-Köln) GmbH and Stockheim Systemgastronomie GmbH & Co. KG
Further information:
Sarah John
Investor Relations Director SSP
+ 44 (0)7736 089218
sarah.john@ssp-intl.com
Clare Williams
Templemere PR
+44 (0)1306 735574
clare@templemerepr.co.uk
Business and Financial media:
Peter Ogden / Lisa Kavanagh
Powerscourt
+44 (0)20 7250 1446
ssp@powerscourt-group.com
NOTES TO EDITORS
About SSP
SSP is a leading operator of food and beverage concessions in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. With over 50 years of experience, today we have nearly 35,000 employees, serving approximately a million customers every day. We have business at approximately 140 airports and 280 rail stations, and operate more than 2,500 units in over 30 countries around the world.
SSP operates an extensive portfolio of more than 450 international, national, and local brands. Among these are local heroes such as MASH in Copenhagen, James Martin Kitchen in London, and Hung's Delicacies in Hong Kong. Our range also includes proprietary brands created for the travel sector including Upper Crust, Le Grand Comptoir and Ritazza, as well as international names such as Burger King, Starbucks, Hard Rock Café and YO! Sushi. We also create stunning bespoke concepts such as Five Borough Food Hall in JFK, New York and Walter at Zurich.
www.foodtravelexperts.com