In September 2011 Island Caterers Ltd announced the acquisition of 50% of the share capital of Buttigieg Holdings Limited a company operating mainly in the retail and contract catering sector.
Subsequent to this, in June 2015 IHGH purchased the remaining 50% of the Buttigieg Holdings Group which incorporates within it; Buttigieg Holdings Ltd, RJC Caterers Ltd, The Coffee Company Malta Ltd & The Coffee Company Spain S.L.
The objective behind the investment was to strengthen the operations currently carried out by Island Caterers Ltd with a view of increasing overall turnover levels, more effectively exploiting market opportunities both locally and overseas and to enhance the efficiency of the business due to the synergies that would arise in all other areas of operation as a result of the combined resources.
The investment in Buttigieg Holdings Ltd has increased revenues and profitability of Island Caterers Ltd and has also added a central production unit to the Company’s production facilities aimed at streamlining the food production process and bringing about increased efficiency within the Group. As expected it has also enabled Island Caterers’ Ltd to access new niches which have to date not been the main focus, principally the retail catering and the contract catering markets.