UK-based aviation food solutions company, Monty’s Bakehouse, has become a wholly-owned subsidiary of SATS, a leading Asian provider of food solutions and gateway services, following its acquisition at a cost of S$48.4 million ($34.9 million).
By combining the culinary expertise of SATS with Monty’s Bakehouse product and packaging innovation, the Singapore-based company intends to enhance its food solutions for aviation customers and support growth into new customer segments.
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.
Commenting on the acquisition, Monty’s Bakehouse CEO Matt Crane, 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”.
Meanwhile, president and CEO of SATS Alex Hungate noted that “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”.
In line with its goal of enhancing its food solutions for aviation customers, SATS and Monty’s Bakehouse 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.
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 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.
The company was founded by CEO Matt Crane in 2003 and has offices in the United Arab Emirates, as well as manufacturing sites across Europe, the Middle East, and Asia.