LSG Sky Chefs acquires CLS Catering Services, Canada

July 23, 2008

Neu-Isenburg – LSG Sky Chefs, the world’s largest provider of in-flight services, announced today, that it has acquired the majority stake in CLS Catering Services Ltd., Canada and now holds 70 percent of the shares of the company.

CLS Catering Services Ltd., which was established in 1980, has been a joint venture between Caterwell One (Netherlands) B.V. and LSG Sky Chefs since 1994. Caterwell is a subsidiary of Cathay Pacific Catering Services (H.K.) Ltd. in Hong Kong. Prior to yesterday’s deal, LSG Sky Chefs was the minority partner with 40 percent of the shares.

CLS operates facilities in Vancouver (YVR) and Toronto (YYZ) with a staff of 500. On average, both facilities produce some 9,000 meals per day for customers that include Cathay Pacific, Japan Airlines, Lufthansa, Sky Service, Starbucks and Sunwing.

“CLS has a long history of successful operations in Canada serving our customers with high quality airline catering,” said Thomas Nagel, Chief Operating Officer of LSG Sky Chefs. “Our company has established a reliable partnership with Cathay Pacific Catering Services in the past, which we are looking forward to continue in the future.”

The LSG Group is the world’s leading provider of end-to-end onboard products and services for the travel industry. It possesses a strong portfolio of independent expert brands: LSG Sky Chefs (catering and hospitality, including lounges), Retail inMotion (onboard retail), SPIRIANT (onboard equipment) and Evertaste (convenience food). The LSG Group is headquartered in Neu-Isenburg, near Frankfurt, Germany. In 2017, its almost 35,000 employees achieved consolidated revenues of EUR 3.2 billion. Additionally, the LSG Group has a rich network of joint ventures and partnerships partners around the globe, employing more than 20,000 staff and generating non-consolidated revenues of EUR 1.3 billion.