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 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.