Singapore’s SATS acquires UK food company

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(PHOTO: SATS)

Singapore aviation catering company SATS said it has acquired UK-based aviation food company Monty’s Bakehouse for S$48.4 million (US$34.7 million). The acquisition means Monty’s becomes a wholly owned subsidiary of SATS Investments.

The acquisition combines SATS and its food business with the product and packaging expertise of Monty’s and SATS said in announcing the acquisition that customers across Asia “will benefit from the sustainably-packaged, handheld snacks that Monty’s Bakehouse has been providing to a growing roster of premium airlines and other customer segments across the world”.

SATS and Monty’s Bakehouse said they will establish an “innovation centre” in Singapore to test food products for the aviation sector and they two will also work to develop sustainable food packaging that reduce cost, waste, and “logistical complexities using minimal plastics, to fulfil its 2030 goal of adopting sustainable food packaging”.

SATS said Monty’s Bakehouse is “pioneering sustainable cabin packaging and recycling as a member of the Airline Sustainability Forum and representative on the Advisory Committee for the Global Tourism Plastics Initiative led by the UN Environment Programme & UNWTO in collaboration with the Ellen MacArthur Foundation”.

Matt Crane, CEO of Monty’s Bakehouse commented, said “joining a multibillion-dollar market leader like SATS presents an exciting opportunity to accelerate the growth of Monty’s Bakehouse as well as support the growth of SATS in Asia.”

SATS has more than 60 locations in 13 countries across Asia-Pacific and the Middle East. Monty’s Bakehouse was founded by Crane in 2003.

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Asian Aviation
Matthew Driskill is the Editor of Asian Aviation and is based in Cambodia. He has been an Asia-based journalist and content producer since 1990 for outlets including Reuters and the International Herald Tribune/New York Times and is a former president of the Foreign Correspondents Club of Hong Kong. He frequently appears on international broadcast outlets like CNN, Al Jazeera and the BBC and has taught journalism at Hong Kong University and the American University of Paris. Driskill has received awards from the Associated Press for Investigative Reporting and Business Writing and in 1989 was named the John J. McCloy Fellow by the Graduate School of Journalism at Columbia University in New York where he earned his Master's Degree.

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