June 23, 2015 – Airline catering and logistics company, Servair, has acquired a majority stake in Panima, which specializes in contract catering and baked goods. According to Servair, this partnership is the latest move in its policy of diversifying its operations while strengthening its presence in the Indian Ocean.
The majority stake in Mayotte-based Panima will enable Servair to expand its footprint in the French Overseas Department. Founded in 2006, Panima has 95 employees and brings in an annual turnover of around €12 million, through four main activities:
• In-flight catering (sandwiches and snacks for Ewa, a subsidiary of Air Austral)
• Contract catering (hospitals and governments): 2,000 hot meals per day
• Cold snacks (sandwiches and fruits) to primary and secondary schools: 40,000 items per day
• Industrial baking: 8,000 breads and 20,000 pastries per day.
“Taking over Panima is a key move for Servair,” stated Christian Léger, deputy director of operations at Servair. “This investment is a true partnership with the founders of Panima, a thriving modern company, and together we see strong development opportunities ahead, for both in-flight catering – with the potential of long-haul traffic to Mayotte – and the public and contract catering markets, involving significant growth opportunities for us and for the diversification of our group operations.”