Gate Gourmet Makes Strategic Investment in Pourshins


RESTON, Virginia, September 6 /PRNewswire/ --

Pourshins Limited and Gate Gourmet jointly announced today that a
strategic investment has been made in Pourshins, a U.K.-based company
specializing in logistics solutions for airlines, caterers, suppliers and
manufacturers. Pourshins operates in Europe, Asia and North America.

"Having developed extremely successful new supply chain products, it is
both exciting and refreshing for Pourshins to call on the financial and
commercial support of Gate Gourmet," said Pourshins founder Roy Moed. "With
our expansion gathering momentum in the U.S., we expect to be able to develop
our Business Process Outsourcer (BPO) products elsewhere in the growing
markets around the world."

Moed said Pourshins has been seeking an appropriate investor for some
time and wanted a partner who understands the BPO space in which it operates.
"Gate Gourmet has significant parallel experience and fully understands the
need for businesses in the travel sector to outsource non-core activities and
make full use of their assets," he said.

Andrew Gibson, President of Gate Gourmet's North America region, said:
"Pourshins is a true fourth-party logistics service provider (4PL), which
combines process, people and technology to create a 'virtual' supply chain
management solution that is flexible, responsive and cost effective. As with
our recent investments in design and packaging specialists Packattack and
POTM, and our pending acquisition of deSter/Supplair, world leaders in
passenger contact and comfort items and alternative airline meal solutions,
this transaction demonstrates Gate Gourmet's commitment to build a service
responsive to customers' needs."

The transaction will help expand Gate Gourmet's product portfolio and
bring to its customers state-of-the-art standards in efficiency, quality and
flexibility. "Pourshins is an expert in logistics. Our eGate Solutions suite
also offers logistics management. We intend to capture the synergies between
both companies to the advantage of our customers," Gibson said.

Founded in 1978, Pourshins is a private company specializing in data and
contract management to provide logistics solutions. The company no longer
manufactures products or represents suppliers, but manages a supply chain
that extends across the globe for products including frozen, ambient and
chilled food, airline equipment, bonded goods and in-flight retail stock.
Turnover in 2006 was over US$100 million.

Gate Gourmet is the world's largest independent airline catering and
logistics company with dual headquarters in Zurich, Switzerland, and Reston,
VA, USA. Revenue in 2006 was 2.4 billion Swiss francs. With approximately
20,000 employees worldwide, Gate Gourmet produces an average of 200 million
meals annually, serving customers from 93 flight kitchens in 25 different
countries and five continents.

Web site: http://www.gategourmet.com

© PR Newswire Association LLC.

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