HMSHost venture acquires Malaysian retailer

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HMSHost and Malaysian company Dewina Holdings have teamed up to acquire Kuala Lumpur International airport food and beverage concessionaire Ruby Terrace

HMS Host and Malaysian company Dewina Holdings have formed a joint venture, Dewina Host, to acquire catering company Ruby Terrace, the biggest food and beverage concessionaire at Kuala Lumpur International airport (KLIA). The price of the deal was set at M$3.67m ($0.96m).

Ruby Terrace operates five outlets at KLIA and posted sales of M$9.5m ($2.5m) last year. Dewina Host plans to renovate its outlets and broaden the product offering. In addition to the former Ruby Terrace outlets, Dewina Host also runs seven catering units at KLIA under the Burger King, Sbarro, Cheers and Café Marché brands.

HMSHost president and CEO John McCarthy said: "The Ruby Terrace initiative underscores HMSHost and Dewina Holding's commitment to Kuala Lumpur International airport and the entire Pacific region. As one of Asia's leading airports, KLIA is a vital economic engine, spurring growth throughout the area.  Our plans to integrate the Ruby Terrace operations will make this outstanding facility even better. "

HMSHost executive vice-president Elie Maalouf said: "HMSHost and Dewina Holdings welcome this opportunity in the Kula Lumpur market. We are proud to have the Ruby Terrace operations joining our team."