Delaware North has completed the acquisition of 32 restaurants and food outlets operated by Creative Food Group at five U.S. airports: Lexington, KY’s Bluegrass Airport (LEX), Syracuse Hancock International Airport (SYR), Tulsa International Airport (TUL), Midland International Air & Space Port (MAF) in Texas, and Tucson International Airport (TUS).
Financial terms of the deal are not being disclosed.
“Creative Food Group has done a tremendous job in building its portfolio, with a healthy balance of proprietary, regional and national brands,” says James Obletz, senior vice president of corporate development at Delaware North. “This was a great opportunity for Delaware North to acquire assets that align with our existing operating model at airports around the world.”
Delaware North operates dining and retail services at more than 30 airports and travel hubs around the world, including Los Angeles International Airport (LAX), Hartsfield-Jackson Atlanta International Airport (ATL), Logan International Airport (BOS) and London Heathrow Airport (LHR).
The company’s 300-plus total airport outlets include more than 200 brands — a mix of award-winning proprietary concepts, local and national partnerships and franchises.
“It has been exciting to play a part in building an award-winning company and I am confident Delaware North is the organization that will take it to the next level,” says Roger Schwandtner, vice president of business development for Creative Food Group.
