Gate Gourmet Buys deSter
Reston's Gate Gourmet, the airline catering giant, is buying deStar Holding BV of Amsterdam, a large supplier of cutlery, chinaware and airline amenity kits.
In a deal announced early Monday, the company said private equity fund group EQT has owned deSter since 1999. DeSter has operations on three continents and relationships with 350 airlines.
Terms of the deal, which is subject to antitrust review, were not disclosed.
Gate Gourmet has spent the the past couple years restructuring its operations and working through new labor contracts. A job action in 2005 brought Heathrow to a virtual standstill when British Airways workers joined in. The company started as part of Swissair, then was sold to private equity giant Texas Pacific Group. Earlier this year, Texas Pacific sold its remaining stake to Merrill Lynch.
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