Leading Asia-based catering provider, SATS has acquired UK-based aviation food company, Monty’s Bakehouse for approximately S$48.4 million (US$34.97m). Monty’s Bakehouse is now a wholly-owned subsidiary of SATS, which will see the culinary expertise of SATS combined with Monty’s Bakehouse’s product and packaging innovation. According to SATS, customers across Asia will benefit from the sustainably packaged, handheld snacks that Monty’s Bakehouse has specialised in for airlines and other customer segments across the world.
In line with this strategy, SATS and Monty’s Bakehouse will establish an innovation centre in Singapore where food products for aviation catering, buy-on-board retail, and adjacent markets will be tested. SATS will also work with Monty’s Bakehouse to 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. Monty’s Bakehouse is a member of the Airline Sustainability Forum anda 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.
Alex Hungate, president and CEO of SATS said, “Monty’s Bakehouse is a progressive innovator in aviation catering. With this transaction, SATS will now bring Monty’s product and packaging capabilities to airlines across Asia”.