The leading flight catering service provider SATS Ltd. has acquired aviation food innovator Monty’s Bakehouse UK Limited. After completion of transaction Monty’s Bakehouse will become a wholly-owned subsidiary of SATS Investments Pte Ltd (SIPL). SATS with Monty’s Bakehouse will develop sustainable food packaging solutions that reduce cost, waste, and logistical complexities using minimal plastics, to fulfil its 2030 goal of adopting sustainable food packaging in-flight catering.
The deal helps in combining the culinary expertise of SATS with Monty’s Bakehouse product and packaging innovation, the Group intends to enhance its food solutions for aviation customers across the region. SATS and Monty’s Bakehouse after this deal will establish an innovation centre in Singapore as a test bed for innovative food products for aviation catering, buy on board retail, and adjacent markets.
Earlier, in May 2019, SATS Ltd signed a Memorandum of Understanding (MOU) with PSA International Pte Ltd. (PSA) to provide cargo owners and logistics service providers with seamless connectivity for greater supply chain efficiency, and to boost Singapore’s status as a key multimodal transport hub. The partnership between PSA and SATS strengthens Singapore’s position as a global transhipment hub for air and sea cargo, paving the way for new business models and supply chain innovation.
In May 2019, SATS announced the completion of acquisition of 45% stake in Nanjing Weizhou Airline Food Corp., Ltd. After this deal Nanjing Weizhou functions under the company’s subsidiary SATS China.
In March 2019, SATS Ltd. announced an investment of $25 million for new kitchen with latest food technologies that can preserve nutritional qualities and optimise taste while extending shelf life.
About SATS Ltd
SATS Ltd. headquartered in Singapore, is a chief ground-handling and in-flight catering service provider. The company caters to the needs of the aviation sector and a host of other businesses in hospitality, healthcare, food, freight and logistics industries. The company is present in around 60 locations in about 13 countries across Asia Pacific and the Middle East region.
SATS wide-ranging gateway services includes airfreight handling, passenger services, aviation security services, ramp handling, baggage handling, aircraft interior and exterior cleaning, as well as cruise management.