Sale of LSG-Airport Gastronomiegesellschaft mbH completed
Neu-Isenburg LSG Sky Chefs announced today that the sale of LSG-Airport Gastronomiegesellschaft mbH (LAG) to SSP Deutschland GmbH (SSP) in Germany has been successfully completed after the required approval process. LAG operates 34 restaurants at five German airports.
Airport restaurants are part of SSPs core activities. In Germany, however, the company has a minor presence in this business segment. Due to its strategic direction and its global strength, SSP has access to an international portfolio of brands and is thus well equipped and prepared to invest in the airport restaurant business and in the development of its employees.
Prior to this sale, LSG Sky Chefs German lounge business was carved out of LAG and transferred to a new subsidiary, named LSG Sky Chefs Lounge GmbH. The new subsidiary will pursue LSG Sky Chefs international expansion strategy in the lounge business under the leadership of its managing director, Thomas Grieser.
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. www.lsg-group.com