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 on-board products and services. These include catering, onboard retail and entertainment, onboard equipment and logistics, consulting and lounge services. The company’s dedication to culinary excellence and expertise in logistics has led to its successful entry into adjacent markets like train services and convenience retail. Its catering activities are marketed under the “LSG Sky Chefs” brand name, through which it delivers 591 million meals a year and is present at 211 airports in 50 countries. In 2015, the companies belonging to the LSG Group achieved consolidated revenues of € 3.0 billion.