SSP Group PLC Acquisition of Stockheim travel catering business (1087Y)

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RNS Number : 1087Y

SSP Group PLC

01 December 2017

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 agreed(1) to acquire part of the Stockheim group(2) , 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 EUR30m. 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."

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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

[e-mail]

Clare Williams

Templemere PR

[phone]

[e-mail]

Business and Financial media:

Peter Ogden / Lisa Kavanagh

Powerscourt

[phone]

[e-mail]

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

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2017 05:30 ET (10:30 GMT)