Temasek-backed SATS acquires Monty’s Bakehouse UK for $34m

Temasek-backed SATS acquires Monty’s Bakehouse UK for $34m

Grounds crew preps a plane for takeoff. Photo: Jose Lebron/unsplash

SATS Ltd, a Singapore-listed, Temasek-backed ground handling and aviation food solutions provider, announced its acquisition of Monty’s Bakehouse UK, a provider of meals and snacks to airline customers, for about S$48.4 million ($34.8 million).