Lagardère: finalises acquisition of HBF
(CercleFinance.com) - Lagardère Travel retail has announced that it has completed the acquisition of Hojeij Branded Foods (and its subsidiary Vino Volo).
This company is a leader in catering on the travel retail market in the US.
This acquisition enables Lagardère Travel Retail to strengthen its leading position in the catering sector at airports in North America.
The integration of HBF and the activities of Vino Volo will create the number three group in the North American market of Travel Retail and catering, with total annual revenues of over 1.1 billion dollars.
HBF is due to be consolidated in Lagardère's accounts from 1 December 2018. HBF's revenues for 2018 are expected to be between 240 million and 250 million dollars, with an operating margin of approximately 10%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This company is a leader in catering on the travel retail market in the US.
This acquisition enables Lagardère Travel Retail to strengthen its leading position in the catering sector at airports in North America.
The integration of HBF and the activities of Vino Volo will create the number three group in the North American market of Travel Retail and catering, with total annual revenues of over 1.1 billion dollars.
HBF is due to be consolidated in Lagardère's accounts from 1 December 2018. HBF's revenues for 2018 are expected to be between 240 million and 250 million dollars, with an operating margin of approximately 10%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.