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SSP wins £33m contract in Thailand

26 October 2016 by
SSP wins £33m contract in Thailand

Travel caterer SSP, which operates food outlets in locations worldwide, has consolidated its position in the Thai market with a number of new contract wins.

At Phuket International Airport, SSP has been awarded a four-year contract to operate eight concepts in the new international Terminal 2. Valued at 1.5b THB (£33m), the new deal will make SSP the leading concessionaire at the airport.

Landside, SSP will run all food and beverage operations on the mezzanine floor. Its offer will include Burger King, Bill Bentley Pub, Ajisen Ramen, Thai Express, Airport Kopitiam, Dairy Queen and The Coffee Club. Airside, passengers will be able to choose from Burger King and Bill Bentley Pub.

Chris Rayner, CEO SSP Asia Pacific said: "We have been running food and beverage concessions in Thai airports, where we are the clear market leader, since 1995 in cooperation with our Thai partner Minor Food Group.

"SSP Thailand's strong track record in delivering great brands, great customer service and great sales all contributed to us being awarded the contracts in Phuket, and we are delighted to be building on our success in this strategically important region."

Separately, at Suvarnabhumi Airport, SSP has extended all its existing contracts by four years. It has also extended its contracts at Chiang Mai International Airport by two years until July 2018.

Earlier this month, SSP announced it is set to acquire a 49% stake for a net consideration of £57.9m in Travel Food Services (TFS), an operator of food and beverage concessions in travel locations in India.

The acquisition will take place in two stages, with SSP acquiring a 33% stake for an estimated net consideration of £39m in February 2017, and a further 16% acquired by the end of 2018 for a net consideration of £18.9m.
SSP will acquire shares from the Kapur Family Trust, SNVK Properties Private Limited and KAPCO Caterers, part of the K Hospitality Group and subscribe for new shares in TFS. K Hospitality operates a broad range of food and beverage outlets across India.

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