Ambitions & acquisitions

Monty's Bakehouse and SATS unveil their new multi-million pound collaboration

Uk-based aviation food solutions business, Monty’s Bakehouse has become a wholly-owned subsidiary of SATS Investments in a deal worth around S$48.4 million.

By combining the culinary expertise of SATS with Monty’s Bakehouse product and packaging innovation, the Group aims to enhance its food offer 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 already supplies to a range of premium airlines and other customer segments across the world. As part of the deal, 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 goals for sustainable food packaging.

Matt Crane, ceo of Monty’s Bakehouse, said: “Joining a multibillion-dollar market leader like SATS presents an exciting opportunity to accelerate our growth and support the growth of SATS in Asia.”

Alex Hungate, president and chief executive officer of SATS, added: “Monty’s Bakehouse is a progressive innovator in aviation catering. With this transaction, SATS will now bring its products and packaging capabilities to airlines across Asia.”

SATS is the leading provider of gateway services and food solutions in the region. It caters to the needs of the aviation sector and a host of other businesses in hospitality, food, healthcare, freight and logistics industries as well as governments. Operating for over 70 years and with a growing regional presence, SATS is poised for a new phase of growth.