Purchase of 100% of SMSI Travel Centres Inc. gives Autogrill leadership of Canadian highways

Monday, March 25, 2002

Milano , 25 March 2002 - HMSHost, Autogrill’s US subsidiary, said it had acquired full ownership of SMSI Travel Centres Inc. for a price of 34,3 million euro. The new acquisition reported revenues equivalent to approximately 57 million euro in 2001, with EBITDA standing at 9% of revenues.
SMSI provides food & beverage services in 18 travel plazas on Highways 400 and 401, the two main highways in Ontario, Canada’s wealthiest and most densely populated region.