February 28, 2014
Lufthansa Service Europa/Afrika GmbH uses its option to acquire Finncatering
Finnair has sold its subsidiary Finncatering Oy to LSG Lufthansa Service Europa/Afrika GmbH (LSG). The transaction is part of the partnership agreement announced on August 1st, 2012, according to which LSG has an option to purchase Finncatering Oy and LSG Sky Chefs Finland Oy (formerly Finnair Catering Oy) shares. By acquiring Finncatering, LSG carries out the first phase of the option. Finncatering designs, markets and provides catering, food and bakery products and related services. The company’s customers include wholesale, retail and HoReCa companies as well as companies serving air and other passenger traffic. Finncatering’s take-away products are sold under company’s own GO! brand and as white label products. Sales to non-airline customers has doubled in the past two years. Finncatering’s turnover in 2013 was approximately EUR 25 million. The company employs approximately 200 employees.