CREATIVE HOST SERVICES INC

CREATIVE HOST SERVICES INC

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Company Overview
SSP America, Inc is a US-based company which operates restaurants, bars, cafйs, food courts and convenience stores in airports in North America, Canada and the Caribbean. The company was incorporated in 1986 and has its registered office located in Lansdowne, Virginia.
The company has an outstanding range of food and beverage brands, ranging from international and national household names to local, specialty and new, breakthrough offerings. The portfolio, which includes its own international and national brands, stretches right across the full range of consumers’ needs. Its selection of brands include Silver Diner, Raising Canes, Ben & Jerry’s, Dunkin’ Donuts, The Blue Note Cafй, Samuel Adams, KFC, Starbucks, Le Train Bleu, and Caviar House & Prunier.
SSP America is the world’s leading dedicated Food Travel Experts. It aims to ensure it always has the right brands in the right place for the right reasons ensuring its customers thoroughly enjoy each and every experience. It has strategic partnership with Caviar House and Prunier, the world’s largest caviar business.
Business Summary
Creative Host Services, Inc. was primarily engaged in the business of acquiring and operating food, beverage and other concessions at airports throughout the United States. As of December 31, 2003, the Company had more than 130 individual concessions located in 30 airports. The airport contracts includedconcessions that ranged from a concession to operate single and multiple food and beverage outlets to a master concession to operate all food and beverage, as well as news and gift and merchandise, locations at an airport. The Company’s airport concession business was complemented by in-flight catering contracts with Delta Airlines, United Airlines and other smaller airline companies. In April 2004, the Company was acquired by Yorkmont Five, Inc., an acquisition subsidiary of Compass Group USA Investments, LLP. Compass Group USA Investments is a wholly owned subsidiary of United Kingdom-based Compass Group PLC, a contract foodservice company with operations in more than 90 countries.
Description and history
Creative Host Services, Inc. was primarily engaged in the business of acquiring and operating food, beverage and other concessions at airports throughout the United States. As of December 31, 2003, the Company had more than 130 individual concessions located in 30 airports, two of which were franchised. Creative Host had concessions at the following locations: Los Angeles International Airport; Denver International Airport; Portland International Airport, and the airports in Orange County and Ontario, California; Madison and Appleton, Wisconsin; Lexington, Kentucky; Greensboro (Piedmont Triad), North Carolina; Pittsburgh and Allentown, Pennsylvania; Roanoke, Virginia; Charleston and Columbia, South Carolina; Sioux Falls, South Dakota; Cedar Rapids and Des Moines, Iowa; Baton Rouge and Shreveport, Louisiana; Midland, Texas; John F. Kennedy and Albany, New York; Boston, Massachusetts; Saginaw (MBS), Michigan; Orlando/Sanford, Florida; San Antonio, Texas, and Santa Barbara, California. The airport contracts included concessions that ranged from a concession to operate single and multiple food and beverage outlets to a master concession to operate all food and beverage, as well as news and gift and merchandise, locations at an airport. In April 2004, the Company was acquired by Yorkmont Five, Inc., an acquisition subsidiary of Compass Group USA Investments, LLP. Compass Group USA Investments is a wholly owned subsidiary of United Kingdom-based Compass Group PLC, a contract foodservice company with operations in more than 90 countries. Compass Group completed the acquisition of Creative Host by merging Yorkmont into Creative Host. As a result of the merger, Creative Host became a wholly owned indirect subsidiary of Compass Group.

The Company’s airport concession business was complemented by in-flight catering contracts awarded by major airlines at certain airports. In-flight catering comprised approximately 6% of total revenue in 2001, 2% in 2002 and 2% in 2003. Creative Host had in-flight catering contracts with Delta Airlines, United Airlines and numerous other smaller airline companies.

Creative Host designed its concession bids and facilities around themes or concepts that it develops for each location. The Company’s Bakery/Deli style restaurants featured a selection of croissant sandwiches and a selection of vegetable, fruit and pasta salads. At locations that were anticipated to have higher revenues, Creative Host secured franchise relationships with food and beverage companies. The Company entered into agreements with several such companies, including Carl’s Jr., Schlotsky’s Deli, Nathan’s Hotdogs and TCBY Yogurt. Under these arrangements, Creative Host owned the concession rights from the airport authority and its employees operated the location. It then paid franchise fees under a franchise agreement.

The Company’s food and beverage facilities were traditionally designed with a European flair for fresh, healthy and nutritious gourmet and specialty foods, served quickly and at value prices. The food and beverage concessions sold gourmet coffee beans as gift packages, colorful sports bottles and thermal coffee mugs featuring the Creative Croissants logo and key menu items, custom gift baskets and other promotional merchandise.

In the airport concession market, the Company competed with HMS Host and CA One Services, Inc. Other competitors in the concession business, especially food and beverage, included Service America Corporation, Anton Food, Concession International and Air Host, Inc.

Business Line
Operates restaurants, bars, cafйs, food courts and convenience stores in airports in North America, Canada and the Caribbean
Subsidiary
INTELLEX CORPORATION
Advisor
DELOITTE & TOUCHE LLP
IPO date
7/1997
US SIC Code
5812
Company Address
Suite 105
19465, Deerfield Avenue
City province or state postal code
20176, LANSDOWNE, VA
Phone: +1 703 729 2333
Fax: +1 703 858 7091
Country address: UNITED STATES OF AMERICA
Website url: www.creativehostservices.com