HMSHost
Finalizes Acquisition
of
Cara�s Air Terminal Restaurant Division
HMSHost
Finalizes Acquisition of Cara�s Air Terminal Restaurant Division
Bethesda,
MD � October 2006 � HMSHost Corporation
announced the completion of the acquisition of Cara Operations Air Terminal
Restaurant Division, under a $62 million (Cnd.) agreement announced earlier
this year. The purchase of Cara�s Airport Terminal Restaurant Division
(ATR), a leading provider of travel concessions in North America, has passed
all Canadian regulatory requirements.
Under
the terms of the agreement, HMSHost (through its wholly-owned subsidiary,
Host International of Canada) acquired the ATR contracts at nine airports:
Calgary, Edmonton, Kamloops, Montreal, Ottawa, Saskatoon, Toronto, Vancouver
and Winnipeg. Many airport locations will continue to feature superb Cara
brands, such as Swiss Chalet, Harvey�s, Kelsey�s, Montana�s Cookhouse and
Milestone�s.
About
Cara Operations Limited
Cara
Operations Limited, based in Toronto, Ontario, Canada is one of Canada�s
leading restaurant companies, and the largest operator of full service
restaurants in Canada providing employment for approximately 40,000 Canadians
in its owned and franchised operations. Cara�s wholly-owned businesses
include Swiss Chalet, Harvey�s, Second Cup, Kelsey�s Neighbourhood Bar
& Grill, Montana�s Cookhouse, Milestone�s Grill and Bar; Cara Airport
Services Division; and Summit Food Service Distributors Inc.
About
HMSHost
HMSHost
is world-renowned for creating customized shopping and dining spaces in
travel venues. The innovative company operates in more than 90 airport
locations around the globe, including 18 of the 20 busiest airports in
North America. HMSHost has annual sales in excess of $2.0 billion and employs
more than 26,000 associates worldwide.
A
wholly-owned subsidiary of Autogrill S.p.A, HMSHost and the Autogrill Group
are recognized leaders in travel amenities. With sales exceeding $4.0 billion,
Autogrill is present in 30 countries with over 4,500 points of sale in
979 locations (including 138 airports and 645 motorways) where 51,000 employees
serve over 800 million customers every year. Visit www.HMSHost.com
for more information.
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For
More Information:
HMSHost
Corporation
Sheila
McGee, 240-694-4196
Rana
Florida, 240-694-4403
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